Why is Adinath Exim Res falling/rising?

As of 03-Jul, Adinath Exim Resources Ltd is experiencing a price increase, currently at Rs 69.46, reflecting a rise of 3.3 or 4.99%. The stock has recently hit a new 52-week and all-time high, and it has outperformed its sector by 5.51%. Over the last three days, the stock has gained 19.74%, and it opened with a gain of 4.99% today. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive factors contributing to this rise include an increase in promoter confidence, with promoters raising their stake by 4.99%, indicating strong belief in the company's future. However, the company faces challenges with operating losses and a weak long-term fundamental strength, as evidenced by a decline in operating profit.
In the broader market context, Adinath Exim Resources Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of +22.31% compared to the Sensex's -0.62%. The stock has also shown strong performance over longer periods, generating a return of 179.85% over the past year, while the Sensex only increased by 4.07%. Despite these impressive returns, the company has reported declining profits, which raises concerns about its long-term sustainability. Overall, the stock's recent upward movement is driven by positive investor sentiment and strong short-term performance, despite underlying fundamental weaknesses.