Why is Sri Lak.Sar.Arni falling/rising?

As of 11-Aug, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a slight increase in its stock price, currently at 38.25, with a change of 0.05, representing a 0.13% rise. The stock has been gaining over the last two days, showing a return of 0.39% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 85.49% compared to the 5-day average. The company has a negative book value and weak long-term fundamentals, with poor growth in net sales and operating profit over the last five years, which could be contributing to the stock's overall underperformance.
In the broader market context, the stock has underperformed against the benchmark, with a 1-year return of -15.00% compared to a 1.13% gain in the Sensex. Over the past three years, the stock has consistently lagged behind the BSE500, further highlighting its struggles. Despite the recent minor uptick, the overall trend remains concerning, as the company faces high debt levels and negative EBITDA, making it a risky investment. The stock's performance today aligns with the sector, but the significant historical underperformance and current financial challenges suggest that the recent price movement may not indicate a sustainable recovery.