Why is Aananda Lakshmi falling/rising?

As of 21-Jul, Aananda Lakshmi Spinning Mills Ltd is experiencing a price increase, currently at 18.65, reflecting a change of 0.21 or 1.14% upward. The stock has shown strong performance recently, gaining 3.27% over the last two days and outperforming its sector by 1.56% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-to-date decline of 13.26%, the stock has delivered a robust 25.59% return over the past year and has outperformed the BSE500 index over various time frames, including the last three years. However, it faces challenges due to a negative book value and a high debt-to-equity ratio, which may raise concerns among investors regarding its long-term growth potential.
In the broader market context, the stock's short-term return of 1.25% over the past week contrasts with the Sensex, which has seen a slight decline of 0.06%. This indicates that Aananda Lakshmi is currently performing better than the overall market. While the stock has shown impressive long-term gains, including an 876.44% increase over the last five years, the negative factors such as poor long-term growth in net sales and a significant portion of profits coming from non-operating income could weigh on investor sentiment. Overall, the recent price rise can be attributed to short-term positive momentum and investor participation, despite underlying fundamental weaknesses.