Why is Pratiksha Chem. falling/rising?

As of 22-Sep, Pratiksha Chemicals Ltd is experiencing a price increase, currently at 19.20, reflecting a rise of 0.47 or 2.51%. The stock has shown a positive performance today, outperforming its sector by 1.48% and has gained consecutively over the last two days, accumulating a total return of 2.78%. However, despite this short-term gain, the stock has underperformed significantly over longer periods, with a year-to-date decline of 20.00% and a 1-year return of -20.43%. The company faces serious challenges, including a negative book value and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0.24. Additionally, the promoters have reduced their stake by 2.71%, which may signal a lack of confidence in the company's future.
In the broader market context, the stock's recent short-term performance contrasts with the benchmark, as it has outperformed the Sensex by 1.05% over the past week, while the benchmark has only gained 0.46%. However, the stock's long-term performance remains concerning, with a significant decline of 46.29% over the past three years compared to a 38.97% gain in the benchmark. This consistent underperformance, coupled with a negative EBITDA and declining investor participation, suggests that while there may be a brief uptick in price, the overall outlook for Pratiksha Chemicals Ltd remains precarious.