Why is Agribio Spirits falling/rising?

As of 10-Sep, Agribio Spirits Ltd is experiencing a price increase, currently at Rs 219.05, reflecting a rise of 5.95 or 2.79%. The stock has recently hit a new 52-week and all-time high of Rs 227.7, marking a significant intraday gain of 6.85%. Over the past week, the stock has outperformed the sector by 2.65% and has shown a consecutive gain over the last four days, accumulating an 8.01% return. The company has reported positive financial results for the last three consecutive quarters, with net sales growing by 118.66% and a higher profit after tax of Rs 2.47 crore. However, there is a concern regarding a decrease in promoter holding to 43.5%, which may affect investor confidence.
In the broader market context, Agribio Spirits has significantly outperformed the Sensex, with a year-to-date return of 67.79% compared to the benchmark's 4.21%. Over the past month, the stock has risen by 18.34%, while the Sensex has only increased by 1.96%. This strong performance is indicative of rising investor participation, as evidenced by a 123.17% increase in delivery volume against the five-day average. Despite these positive indicators, the company faces challenges with operating losses and a weak ability to service its debt, which could pose risks to its long-term stability.