Why is SEL Mfg. Co falling/rising?

As of 11-Aug, SEL Manufacturing Company Ltd is experiencing a price increase, with the current price at 30.92, reflecting a change of 0.9 or 3.0% upward. Today's price summary indicates that the stock has outperformed its sector by 2.98% and has gained after four consecutive days of decline. However, despite this short-term uptick, the stock has shown a significant underperformance over the past week, down 1.69%, and has a year-to-date decline of 31.49%. The company faces serious challenges, including a negative book value, a high debt-to-equity ratio, and consistently negative financial results over the last four quarters, which contribute to its classification as a strong sell. The stock's liquidity is adequate, but a notable drop in delivery volume by 57.8% against the five-day average suggests waning investor interest.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which is down only 0.51% over the past week. The long-term outlook remains bleak, with the stock showing a staggering decline of 61.27% over the past year, while the benchmark has gained 1.13%. This consistent underperformance, coupled with the high percentage of pledged promoter shares, adds downward pressure on the stock price, particularly in a falling market. Overall, while there is a slight rebound in the stock's price today, the underlying financial weaknesses and market conditions suggest that this may be a temporary movement rather than a sign of recovery.