Why is Agio Paper falling/rising?

As of 05-Jun, Agio Paper & Industries Ltd is experiencing a price increase, currently at 6.80, reflecting a change of 0.05 or 0.74% upward. The stock has shown strong performance recently, with a 1-week return of 7.94% and a remarkable 58.88% increase over the past month, significantly outperforming the Sensex, which has only risen by 0.80% in the same period. Additionally, the stock has been gaining for the last two days, with a total return of 1.64%. However, despite these positive short-term movements, the company faces challenges such as a high debt-equity ratio of 6.49 times, indicating weak long-term fundamental strength, and negative EBITDA, which raises concerns about its financial stability.
In the broader market context, while Agio Paper has outperformed the Sensex in the short term, it has underperformed year-to-date with a decline of 4.36% compared to the Sensex's gain of 4.23%. The stock's strong recent performance is contrasted by its long-term issues, including poor growth in net sales and operating profit over the last five years. Despite the current upward trend, the technical indicators suggest a mildly bearish outlook, which could temper investor enthusiasm moving forward.