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

As of 13-Aug, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a price increase, with the current price at Rs 39.50, reflecting a rise of 1.44 (3.78%). Today's price summary indicates that the stock opened with a loss of -2.79% but reached an intraday high of Rs 39.50, outperforming its sector by 3.44%. However, the stock has shown a decline of -1.25% over the past month and a significant -10.51% over the last year, indicating a consistent underperformance against benchmarks. 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, contributing to its risky trading status.
In the broader market context, the stock's short-term performance of +1.28% over the past week contrasts with the Sensex, which has remained flat at -0.01%. Despite this short-term outperformance, the stock has underperformed the benchmark over the longer term, particularly in the last three years, where it has generated -25.12% returns compared to the Sensex's +35.45%. The declining investor participation, as evidenced by a -51.61% drop in delivery volume, alongside high debt levels and negative EBITDA, suggests that while there may be short-term gains, the overall outlook remains precarious.