Why is Zodiac-JRD MKJ falling/rising?

As of 16-Jul, Zodiac-JRD-MKJ Ltd's stock price is currently at 56.59, reflecting an increase of 0.47, or 0.84%. Today's price summary indicates that the stock has outperformed its sector by 0.8% and has experienced a trend reversal after two consecutive days of decline. However, it is trading below all its moving averages, which suggests a bearish trend. The stock has underperformed in the short term, with a 1-week return of -1.79%, compared to a -1.08% decline in the Sensex. Despite positive results over the last three quarters, including a significant growth in net sales and profit after tax, the stock's long-term fundamentals remain weak, with a low return on equity and poor debt servicing ability, contributing to its recent price movement.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a year-to-date decline of 27.05% compared to a 5.75% gain in the Sensex. This stark contrast highlights the stock's struggle to attract investor interest, evidenced by a significant drop in delivery volume. While the stock has shown some positive short-term movement, the overall trend indicates a lack of confidence among investors, as reflected in its long-term underperformance relative to the market.