Why is Pasari Spinning falling/rising?

As of 13-Aug, Pasari Spinning Mills Ltd is experiencing a price increase, currently at 9.18, reflecting a change of 0.37 or 4.2% upward. The stock has outperformed its sector by 3.86% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive movement, the company has a negative book value and weak long-term fundamental strength, with net sales growing at an annual rate of only 3.01% and operating profit stagnant at 0% over the last five years. Additionally, the stock has underperformed significantly over the past year, with a return of -29.38%, indicating a decline in profits by 1% during the same period.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 4.08% over the past month while the Sensex has declined by 2.38%. This suggests that while Pasari Spinning Mills is currently showing positive momentum, it has struggled over the longer term compared to the market, which has seen a modest gain of 3.07% year-to-date. The overall market sentiment has been negative, as evidenced by the stock's substantial decline relative to the BSE500's return of -0.64% over the past year, highlighting the challenges faced by Pasari Spinning Mills in maintaining investor confidence despite recent price gains.