Why is Pasari Spinning falling/rising?

As of 08-Sep, Pasari Spinning Mills Ltd is currently priced at 8.97, reflecting an increase of 0.06 or 0.67%. The stock has shown a positive trend recently, gaining 8.6% over the last two days, although it underperformed its sector by 0.37% today. Despite this short-term gain, the stock has experienced a decline of 3.96% over the past month and a significant drop of 23.79% over the past year. The company is trading above its moving averages across various time frames, which typically indicates a bullish sentiment. However, the stock faces challenges due to a negative book value and weak long-term fundamentals, as evidenced by stagnant net sales growth and a high debt-to-equity ratio, which contribute to its risky profile.
In the broader market context, Pasari Spinning's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 6.53% over the past week, while the benchmark has only increased by 0.53%. However, the stock's long-term performance is concerning, as it has underperformed the market significantly over the past year, with a return of -23.79% compared to the BSE500's -3.07%. This disparity highlights the stock's volatility and the challenges it faces in attracting investor confidence, particularly given its negative book value and lack of growth in profits relative to its historical valuations.