Why is Agribio Spirits falling/rising?

As of 16-Sep, Agribio Spirits Ltd is currently priced at 224.00, reflecting an increase of 3.0 or 1.36%. The stock has shown strong performance recently, with a 5.11% increase over the past week and a remarkable 165.09% rise over the last year, significantly outperforming the Sensex, which has seen a decline of 0.73% in the same period. However, today's performance indicates a slight underperformance against its sector, with a decrease of 0.83%. Despite this, the stock is trading above its moving averages across various time frames, suggesting a positive trend. The company has reported positive results for the last three consecutive quarters, with net sales growing by 118.66% and a higher profit after tax of Rs 2.47 Cr. Nonetheless, a decrease in promoter holding to 43.5% and ongoing operating losses indicate some underlying weaknesses that could affect investor sentiment.
In the broader market context, Agribio Spirits has outperformed the benchmark indices significantly over the long term, with a 489.47% increase over the last three years compared to the Sensex's 40.01%. However, the stock's recent performance is tempered by a notable decline in investor participation, with delivery volume falling by 84.27% against the five-day average, which may signal reduced confidence among investors. While the stock has been liquid enough for trading, the company's weak long-term fundamental strength, characterized by a poor EBIT to interest ratio and negative EBITDA, raises concerns about its sustainability despite the impressive short-term returns.