Why is Pratiksha Chem. falling/rising?

As of 30-Jun, Pratiksha Chemicals Ltd is experiencing a price increase, currently at 23.35, which reflects a rise of 0.17 or 0.73%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It has outperformed its sector by 1.03%, and is trading above all its moving averages, suggesting a positive short-term momentum. However, the stock has shown mixed performance over different periods, with a 1-week decline of 0.64% while it has gained 12.53% over the past month. Despite the recent uptick, the company faces significant challenges, including a negative book value and weak long-term fundamentals, as indicated by a poor EBIT to Interest ratio and low profitability reflected in a Return on Equity of 6.10%. Additionally, the company's recent financial results have been disappointing, with a substantial drop in profit after tax and negative EBITDA, which raises concerns about its financial health.
In the broader market context, the Sensex has increased by 2.09% over the past week, contrasting with Pratiksha Chemicals' decline during the same period. While the stock has performed well over the past month compared to the benchmark, the year-to-date performance shows a decline of 2.71% against the Sensex's gain of 7.00%. The reduction in promoter confidence, as evidenced by a 2.71% decrease in their stake, further complicates the outlook for the stock, suggesting that even as it rises today, underlying issues may continue to pressure its performance in the longer term.