Why is Aarvee Denims falling/rising?

As of 27-Jun, Aarvee Denims & Exports Ltd is experiencing a price increase, currently at 151.00, reflecting a rise of 0.9 (0.6%). The stock has been on an upward trend, gaining for the last six days with a total return of 7.7% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock has outperformed the broader market significantly, with a remarkable 464.91% return over the past year compared to the BSE 500's 4.10%. However, the company faces challenges, including high debt levels and negative financial results in the last two quarters, which may raise concerns about its long-term sustainability.
In the broader market context, Aarvee Denims has outperformed the Sensex in both the short-term and long-term, with a 5.59% increase over the past week compared to the Sensex's 2.00%. This strong performance is contrasted by the company's high debt-to-equity ratio and low profitability metrics, which suggest underlying risks. Despite these negatives, the stock's recent gains and rising investor participation indicate a favorable sentiment among investors, likely driven by its impressive historical returns. However, the company's financial instability and negative EBITDA position it as a risky investment, which could influence future price movements.