Why is Pasari Spinning falling/rising?

As of 23-Jul, Pasari Spinning Mills Ltd is experiencing a price increase, currently at 9.35, reflecting a rise of 0.45 or 5.06%. The stock has shown strong performance recently, outperforming its sector by 3.87% today and achieving a consecutive gain over the last two days with a total return of 7.72%. Additionally, the stock has performed well over the past week and month, with returns of 6.86% and 18.50%, respectively. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, with poor growth in net sales and operating profit over the last five years. This negative outlook, combined with high debt levels, poses risks to the stock's future performance.
In the broader market context, while Pasari Spinning has shown positive short-term returns, it has significantly underperformed the market over the past year, generating a return of -15.54% compared to the Sensex's gain of 2.86%. Despite the recent upward movement, the stock's long-term fundamentals remain concerning, which may affect investor sentiment. The decline in delivery volume indicates falling investor participation, which could impact the stock's liquidity and future price movements. Overall, while the stock is rising in the short term, its long-term outlook remains uncertain due to fundamental weaknesses.