Why is Promact Impex falling/rising?

As of 18-Aug, Promact Impex Ltd's stock price is currently at Rs 8.58, reflecting an increase of Rs 0.08 or 0.94%. The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this recent uptick, it remains 4.78% away from its 52-week low of Rs 8.17. Over the past week, the stock has not changed, while it has significantly underperformed over the past month and year, with declines of 16.70% and 26.16%, respectively. The company has a negative book value and has reported poor long-term growth, with net sales declining at an annual rate of 41.36%. Additionally, the stock is considered risky due to its high debt levels and negative earnings per share, which have contributed to its weak long-term fundamental strength. In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex showing a positive return of 0.83% over the past week, while Promact Impex has remained flat. The stock's liquidity appears sufficient for trading, as evidenced by a significant increase in delivery volume, which rose by 491.77% against the 5-day average. However, the overall negative sentiment surrounding the company's financial health, including flat quarterly results and a substantial drop in profits over the past year, has overshadowed any short-term gains, leading to a perception of the stock as a strong sell.