Why is Mysore Petro falling/rising?

As of 29-Aug, Mysore Petro Chemicals Ltd is experiencing a price increase, currently at Rs 119.10, reflecting a rise of 2.0 (1.71%). The stock has shown positive momentum, gaining for the last two days with a total return of 1.79% during this period. It opened with a gap up of 3.2% today and reached an intraday high of Rs 122.75, indicating strong trading activity. However, despite this short-term performance, the stock has underperformed over the longer term, with a year-to-date decline of 21.64% and a staggering 48.87% drop over the past year. The company is facing significant challenges, including operating losses and a weak ability to service its debt, which has contributed to its negative return on capital employed (ROCE) and overall poor financial health.
In the broader market context, while Mysore Petro has outperformed its sector by 2.16% today, it remains below the benchmark indices, with a 1-week return of -0.13% compared to the Sensex's -1.84%. The stock's liquidity appears adequate, but its long-term fundamentals are weak, as evidenced by negative earnings before interest, taxes, depreciation, and amortization (EBITDA) and declining net sales. The company’s financial struggles, including a significant drop in profits and negative EBITDA, suggest that while there may be short-term gains, the overall outlook remains concerning, which could impact investor sentiment moving forward.