Why is Aarvee Denims falling/rising?

As of 04-Jul, Aarvee Denims & Exports Ltd is experiencing a price increase, with its current price at 151.00, reflecting a rise of 2.0 (1.34%). The stock has shown strong performance recently, gaining 2.72% over the last two days and outperforming its sector by 0.52%. Over the past year, the stock has generated an impressive return of 394.92%, significantly higher than the broader market's performance. However, the company faces challenges, including a high debt-to-equity ratio of 16.02 times and negative results in the last two quarters, which may raise concerns about its long-term fundamental strength and profitability.
In the broader market context, while Aarvee Denims has outperformed the benchmark with a 1-week return of 0.00% compared to the Sensex's decline of 0.74%, its performance over the last month shows a 13.28% increase against the Sensex's 3.01%. Despite the stock's recent gains, the high volatility of 127.47% today and falling investor participation, indicated by a 36.64% drop in delivery volume, suggest a mixed sentiment among investors. The company's weak ability to service debt and negative EBITDA further complicate its outlook, making it a risky investment despite its strong short-term performance.