Why is Pratiksha Chem. falling/rising?

As of 16-Jul, Pratiksha Chemicals Ltd's stock price is rising, currently at 22.27, reflecting an increase of 0.97 or 4.55%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 3.89%. Despite this positive movement today, the stock has a negative book value and weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.24 and reported losses. Additionally, the company's promoter confidence is waning, with a 2.71% decrease in their stake, which may signal concerns about the company's future prospects.
In the broader market context, Pratiksha Chemicals has experienced a 1.69% increase over the past week, contrasting with a 1.08% decline in the Sensex, suggesting that the stock is performing better than the overall market in the short term. However, year-to-date, the stock has declined by 7.21%, while the Sensex has risen by 5.75%, indicating a longer-term struggle. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 67.12% against the 5-day average raises concerns about investor participation and confidence.