Why is Triveni Glass falling/rising?

As of 12-Aug, Triveni Glass Ltd is currently priced at 13.35, reflecting an increase of 0.07 or 0.53%. Despite this slight uptick today, the stock has shown a negative performance over the past week, month, and year, with returns of -0.15%, -4.51%, and -35.91%, respectively. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 69.81% compared to the 5-day average. The company is facing challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its weak fundamental strength and overall riskiness.
In the broader market context, Triveni Glass has underperformed against the benchmark, with the Sensex showing a decline of only 0.59% over the past week and a modest increase of 2.68% year-to-date, contrasting sharply with Triveni's year-to-date drop of 31.71%. This consistent underperformance highlights the stock's struggles relative to market conditions. The company's negative EBITDA and declining profits further exacerbate its challenges, making it a risky investment compared to its historical valuations. Overall, while there is a minor increase in the stock price today, the underlying factors suggest a continued struggle for Triveni Glass in the market.