Why is Pratiksha Chem. falling/rising?

As of 17-Sep, Pratiksha Chemicals Ltd is experiencing a price increase, currently at 19.43, reflecting a change of 0.52 or 2.75% upward. Despite this positive movement today, the stock has shown a mixed performance over various periods, with a 1-week decline of 2.85% and a year-to-date drop of 19.04%. The stock is trading below its moving averages across multiple time frames, indicating a potential bearish trend. Additionally, the delivery volume has significantly decreased by 64.35% compared to the 5-day average, suggesting reduced investor participation. The company's financial health is concerning, with a negative book value and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of 0.24. Furthermore, the promoters have reduced their stake by 2.71%, which may signal a lack of confidence in the company's future prospects.
In the broader market context, Pratiksha Chemicals has underperformed against the benchmark, with a 1-year return of -17.81% compared to a slight decline of 0.46% for the BSE500 index. While the stock outperformed its sector by 2.12% today, its long-term performance remains troubling, particularly with a negative EBITDA and a significant drop in profitability over the past year. The consistent underperformance against the benchmark over the last three years further emphasizes the challenges facing the company, making it a risky investment despite today's price increase.