Why is Pasari Spinning falling/rising?

As of 09-Jul, Pasari Spinning Mills Ltd is experiencing a price increase, currently at 9.11, reflecting a rise of 0.9 or 10.96%. The stock has shown a positive trend today, outperforming its sector by 10.97% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential upward momentum. However, the stock has a negative book value and weak long-term fundamentals, with net sales and operating profit growth being minimal over the past five years. The company also has a high debt-to-equity ratio, which raises concerns about its financial stability.
In the broader market context, Pasari Spinning's short-term performance over the past week has been significantly better than the Sensex, with a return of +10.69% compared to the benchmark's +0.15%. Despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date return of -8.44% against the Sensex's +6.91%. This indicates that while the stock is currently rising, it has struggled to maintain positive performance over the past year, contributing to a perception of risk among investors.