Why is Simbhaoli Sugar falling/rising?

As of 04-Aug, Simbhaoli Sugars Ltd is currently priced at 16.01, reflecting an increase of 0.22 or 1.39%. The stock has shown a trend reversal, gaining after two consecutive days of decline. While it is performing inline with its sector today, it has higher prices compared to its 5-day and 100-day moving averages, but is lower than its 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has risen by 4.57%, contrasting with a decline of 7.78% over the last month. However, the company faces significant challenges, including a negative book value and weak long-term fundamentals, as evidenced by a decline in net sales and profits. The stock's performance has been poor over the past year, with a return of -38.89%, indicating a substantial underperformance compared to the broader market.
In the broader market context, the Sensex has only increased by 0.16% over the past week, highlighting that Simbhaoli Sugars' recent rise is notable against a backdrop of minimal market movement. Despite this short-term gain, the stock's long-term outlook remains concerning due to its high debt levels and negative growth metrics. The company's weak financial performance, including a significant drop in net sales and profit, suggests that the recent price increase may not be sustainable. Overall, while there is a slight uptick in the stock price, the underlying fundamentals and broader market conditions indicate a challenging environment for Simbhaoli Sugars Ltd.