Why is Zodiac-JRD MKJ falling/rising?

As of 10-Sep, Zodiac-JRD-MKJ Ltd's stock price is currently at 45.99, reflecting a slight increase of 0.05 or 0.11%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 0.41% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite a significant decline in its year-to-date performance of -40.71% and a one-year return of -51.94%, the company has reported positive results for the last four consecutive quarters, with net sales growing by 38.54% and a rise in profit after tax. Additionally, promoter confidence has increased with a 9.21% rise in their stake, suggesting optimism about the company's future.
In the broader market context, the stock's short-term performance has been underwhelming compared to the benchmark, with a one-week return of -0.52% against the Sensex's +1.06%. This underperformance is further highlighted by the company's weak long-term fundamentals, including a low return on equity of 0.75% and a concerning EBIT to interest ratio of -0.36. Although the stock is trading at a discount compared to its peers, its overall poor performance in both the near and long term, coupled with declining investor participation, suggests that the recent price increase may not be sustainable in the face of these challenges.