Why is Phyto Chem (I) falling/rising?

As of 24-Jul, Phyto Chem (India) Ltd is experiencing a price increase, with its current price at 28.88, reflecting a change of 0.48 or 1.69% upward. Today's price summary indicates that the stock has outperformed its sector by 1.25%. However, despite this short-term gain, the stock has shown a negative return of -3.64% over the past week and -16.17% year-to-date. The company faces significant challenges, including operating losses and a high Debt to EBITDA ratio of 10.65 times, which indicates a low ability to service its debt. Additionally, the company has generated a low average Return on Equity of 2.71%, highlighting its weak profitability. The recent flat results in net sales and profit after tax, both declining by 26.69%, further contribute to the stock's negative outlook.
In the broader market context, while Phyto Chem's short-term performance has outpaced the Sensex, which saw a minimal decline of -0.09% over the past week, the stock's long-term performance remains concerning. Over the last year, Phyto Chem has underperformed the BSE500 index, generating a return of -8.38% compared to the benchmark's positive return of 2.54%. This underperformance, coupled with the company's weak fundamentals and negative EBITDA, suggests that while there may be short-term gains, the overall outlook for Phyto Chem remains precarious in the context of market performance.