Why is Zodiac-JRD MKJ falling/rising?

As of 01-Jul, Zodiac-JRD-MKJ Ltd's stock price is currently at Rs 54.52, reflecting an increase of Rs 1.71 or 3.24%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and it outperformed its sector by 2.84%. However, despite today's positive movement, the stock has underperformed in the short term, with a 1-week return of -2.36% compared to the Sensex's +2.00%. The stock's performance over the last month shows a gain of 17.37%, but it has a year-to-date decline of 29.72%. The company has reported positive results for the last three consecutive quarters, with net sales growing significantly, but it also faces challenges such as weak long-term fundamental strength and a low return on equity.
Broader Market Context: In the broader market, the stock has underperformed significantly over the past year, generating a return of -15.08% while the market (BSE500) has returned 3.20%. This underperformance is compounded by the company's weak ability to service its debt and a poor EBIT to interest ratio, which raises concerns about its long-term viability. Although the stock is currently liquid enough for trading, the falling investor participation and trading below key moving averages suggest caution among investors. Overall, while today's price increase may indicate a short-term recovery, the long-term outlook remains uncertain due to fundamental weaknesses.