Why is Premier falling/rising?

As of 22-Sep, Premier Ltd's stock price is currently at 3.53, reflecting an increase of 0.16 or 4.75%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It has outperformed its sector by 5.31% today, and there has been a notable increase in investor participation, with delivery volume rising by 31.41% compared to the five-day average. However, the stock has experienced a significant decline over the past year, with a return of -27.52%, and has underperformed against the BSE500 over various time frames. The company faces challenges, including a negative book value, weak long-term growth, and high debt levels, which contribute to its classification as a risky investment.
In the broader market context, the stock's performance over the past week shows a decline of 1.40%, while the benchmark Sensex has increased by 0.46%. This indicates that Premier Ltd is not only struggling in the short term but also lagging behind the market. Despite its recent price increase, the long-term outlook remains concerning due to poor financial fundamentals, including negative EBITDA and stagnant sales growth. The company's performance over the last three years has been particularly troubling, with a return of -27.52%, contrasting sharply with the Sensex's gain of 38.97% during the same period.