Why is Mysore Petro falling/rising?

As of 15-Sep, Mysore Petro Chemicals Ltd's stock price is currently at Rs 119.15, reflecting an increase of Rs 3.65 or 3.16%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 2.58% today and reached an intraday high of Rs 119.3. However, despite this short-term gain, the company has faced significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a poor EBIT to Interest ratio of -7.82 and negative returns on capital employed. Additionally, net sales have fallen by 33.4% compared to the previous quarter's average, contributing to a negative sentiment around the stock.
In the broader market context, Mysore Petro's short-term performance over the past week shows a modest increase of 0.34%, while the Sensex has risen by 1.24%. This indicates that while the stock is experiencing a slight recovery, it is still lagging behind the benchmark index. The company's long-term performance remains concerning, with a year-to-date decline of 21.61% compared to a 4.67% increase in the Sensex. Overall, despite today's positive movement, the underlying financial struggles and poor historical performance suggest that the stock remains under pressure in the longer term.