Why is Pratiksha Chem. falling/rising?

As of 20-Jun, Pratiksha Chemicals Ltd is experiencing a rise in its stock price, currently at 22.39, reflecting an increase of 0.84 or 3.9%. The stock has shown strong performance recently, outperforming its sector by 4.04% today and achieving consecutive gains over the last two days, resulting in an 8.16% return during this period. Additionally, the stock has outperformed the benchmark with a 1-week return of 4.87% compared to the Sensex's 1.59%. However, despite these positive short-term movements, the company faces significant challenges, including a negative book value and weak long-term fundamentals, as indicated by its poor EBIT to Interest ratio and low return on equity. The recent financial results have also been concerning, with a substantial drop in profit after tax and negative EBITDA, which may contribute to a perception of risk among investors.
In the broader market context, Pratiksha Chemicals has shown a notable short-term return compared to the benchmark, with a 1-month return of 15.41% against the Sensex's 1.50%. However, the stock's year-to-date performance is negative at -6.71%, contrasting with the Sensex's positive 5.46% return, indicating a longer-term underperformance. The recent increase in delivery volume suggests rising investor participation, but the reduction in promoter confidence, with a decrease in their stake, raises concerns about the company's future prospects. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to fundamental weaknesses and historical underperformance against the broader market.