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

As of 22-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a price increase, with the current price at Rs 38.80, reflecting a rise of 2.4 or 6.59%. Today's price summary indicates that the stock outperformed its sector by 7.3% and opened with a gain of 7.14%, reaching an intraday high of Rs 39. However, despite this positive movement, the stock has shown a decline of 3.00% over the past month and a significant underperformance over the last three years, with a return of -20.08% compared to the benchmark. The company faces challenges, including a negative book value and weak long-term growth, as evidenced by stagnant net sales and operating profit over the past five years. Additionally, the stock is considered risky due to its negative EBITDA and high debt levels.
In the broader market context, the stock's short-term performance is notably better than the benchmark, as it gained 2.11% over the past week compared to the Sensex's 0.46% increase. However, the stock's long-term performance remains concerning, with a year-to-date return of -0.51% against the Sensex's 5.15% gain. This consistent underperformance, coupled with falling investor participation and liquidity issues, suggests that while there may be short-term gains, the overall outlook for Sri Lakshmi Saraswathi Textiles remains weak in comparison to the broader market trends.