Why is Triveni Glass falling/rising?

As of 29-Aug, Triveni Glass Ltd's stock price is currently at 13.44, reflecting a slight increase of 0.03 or 0.22%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and has outperformed its sector by 3.16% today. Despite this short-term gain, the stock has experienced significant underperformance over the longer term, with a year-to-date decline of 31.25% and a staggering 44.23% drop over the past three years. The company's weak fundamentals, highlighted by a negative book value and a debt-to-equity ratio of 0, contribute to its poor long-term growth prospects, as evidenced by a net sales decline of 100% and an operating profit of 0% over the last five years.
In the broader market context, Triveni Glass has underperformed the benchmark, with a one-year return of -35.35% compared to the Sensex's -2.83%. While the stock's recent performance shows a minor uptick, it remains below its moving averages across various timeframes, indicating ongoing weakness. The glass sector itself has also faced challenges, with a decline of 3.06%. The rising investor participation, as seen in the increased delivery volume, suggests some interest in the stock, but the overall negative sentiment surrounding its financial health and consistent underperformance against benchmarks indicates that the stock remains in a precarious position.