Why is Promact Impex falling/rising?

As of 12-Aug, Promact Impex Ltd is experiencing a price increase, currently at Rs. 8.98, reflecting a change of 0.4 or 4.66% upwards. Despite this recent uptick, the stock has faced significant challenges, including hitting a new 52-week low of Rs. 8.17 earlier in the day. The stock has been on a downward trend, having fallen for eight consecutive days prior to this rise. Over the past week, it has underperformed the market with a return of -10.20%, while the Sensex only declined by -0.59%. Additionally, the stock's performance over the last year shows a substantial decline of -26.39%, contrasting sharply with the market's slight gain of +0.74%. The company is characterized by a negative book value and weak long-term fundamentals, with net sales decreasing at an annual rate of -43.84% over the past five years.
In the broader market context, the stock's recent performance is notably poor compared to the benchmark, as it has underperformed significantly over the last year. While the Sensex has shown resilience with a positive return, Promact Impex's substantial decline indicates a lack of investor confidence, exacerbated by falling delivery volumes and erratic trading patterns. The stock's liquidity is deemed sufficient for trading, but the overall sentiment remains negative due to high debt levels and poor financial results, including a lowest quarterly EPS of Rs. -0.23. This combination of factors contributes to a perception of risk surrounding the stock, despite the recent price increase.