Why is Triveni Glass falling/rising?

As of 29-Jul, Triveni Glass Ltd is experiencing a price increase, currently at 13.44, which reflects a rise of 0.44 or 3.38%. Despite this uptick, the stock has shown a negative performance over the past week and month, with declines of 2.89% and 5.68%, respectively. The stock is trading below its moving averages across various time frames, indicating a potential weakness in price momentum. However, there has been a notable increase in investor participation, with delivery volume rising by 125.7% against the 5-day average, suggesting some renewed interest. The company faces significant challenges, including a negative book value and a weak long-term growth outlook, as evidenced by a dramatic decline in net sales and operating profit over the past five years. Additionally, the stock has consistently underperformed against benchmarks, with a one-year return of -36.90%.
In the broader market context, Triveni Glass's short-term performance contrasts with the benchmark, as the Sensex has only declined by 1.03% over the past week, indicating that the stock is not keeping pace with the overall market. The company's high debt levels and negative EBITDA further contribute to its risky profile, making it less attractive to investors despite the recent price increase. The persistent underperformance against the BSE500 over the last three years highlights ongoing concerns about the company's financial health and growth prospects, which may overshadow any short-term gains in stock price.