Why is A B M Internatl. falling/rising?

As of 26-Jun, A B M International Ltd's stock price is currently at 64.37, reflecting an increase of 5.85 or 10.0%. The stock has shown strong performance recently, outperforming its sector by 10.09% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has surged by 31.37%, while its one-month return stands at 28.53%. However, despite this recent uptick, the company faces significant challenges, including operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of -0.70. The company has also reported negative results, with a PAT of -4.32 crore and a decline in net sales, which may weigh on long-term investor sentiment.
In the broader market context, while A B M International has experienced a notable rise in the short term, it has underperformed the benchmark index over the past year, with a return of -9.55% compared to the Sensex's gain of 8.05%. This disparity highlights the stock's volatility and the risks associated with its weak fundamentals. The recent increase in investor participation, evidenced by a significant rise in delivery volume, may suggest a short-term speculative interest, but the underlying financial issues and historical underperformance relative to the market could temper long-term confidence in the stock.