Why is Nilachal Refract falling/rising?

As of 10-Jun, Nilachal Refractories Ltd is experiencing a price increase, currently at Rs 43.50, reflecting a rise of 2.94 (7.25%). The stock has shown a positive trend today, outperforming its sector by 4.56% and reversing a two-day decline. Over the past week, the stock has gained 3.60%, and in the last month, it has risen by 8.75%. However, despite this recent uptick, the stock has a negative long-term outlook, with a significant decline of 16.91% over the past year and poor financial fundamentals, including a negative book value and a high debt-to-equity ratio. The company has also reported negative earnings, with a substantial drop in profit margins, indicating ongoing financial struggles.
In the broader market context, while Nilachal Refractories Ltd has shown some short-term gains, it still lags behind the benchmark Sensex, which has increased by 2.05% over the past week and 3.70% over the past month. The stock's technical trend is currently sideways, suggesting a lack of clear momentum, and it has underperformed the BSE 500 over the past year and three years. The falling investor participation, indicated by a significant drop in delivery volume, further complicates the stock's outlook, despite today's positive movement. Overall, while there is a short-term rise in price, the long-term fundamentals and market performance present a challenging scenario for investors.