Why is Agribio Spirits falling/rising?

As of 12-Sep, Agribio Spirits Ltd is experiencing a price increase, currently at 224.00, reflecting a rise of 3.0 (1.36%). The stock has shown strong performance, gaining 10.45% over the last six days and outperforming its sector by 0.51% today. It opened with a gain of 3.17% and reached an intraday high of Rs 228. The stock has consistently outperformed the benchmark Sensex, with a remarkable year-to-date return of 71.58% and an impressive annual return of 171.98%. Positive results over the last three consecutive quarters, including a significant growth in net sales and profit after tax, have contributed to this upward momentum. However, a decrease in promoter holding and the company's weak long-term fundamental strength, indicated by operating losses and a low EBIT to interest ratio, pose potential concerns.
In the broader market context, Agribio Spirits has significantly outperformed the Sensex, which has only increased by 4.82% year-to-date. The stock's strong short-term performance, coupled with rising investor participation and liquidity, suggests a favorable market sentiment towards Agribio Spirits. Despite the positive short-term returns, the company's long-term fundamentals remain a concern, as indicated by its negative EBITDA and low profitability per unit of shareholders' funds. This juxtaposition of strong recent performance against underlying weaknesses may influence investor sentiment moving forward.