Why is Agribio Spirits falling/rising?

As of 19-Sep, Agribio Spirits Ltd is experiencing a price increase, currently at 222.90, reflecting a rise of 2.9 or 1.32%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent drop in delivery volume by 61.3% against the 5-day average, the company has reported positive results for the last three consecutive quarters, with a significant growth in PAT and net sales. However, a decrease in promoter holding to 43.5% raises some concerns about investor confidence. Overall, the stock has outperformed the benchmark significantly over various time frames, including a remarkable 175.02% return over the past year.
In the broader market context, Agribio Spirits has underperformed the Sensex in the short term, with a 1-week return of -0.49% compared to the Sensex's gain of 0.88%. However, the stock's long-term performance remains strong, with a 70.74% increase year-to-date and a staggering 460.75% rise over the past three years. While the company has demonstrated market-beating performance, it faces challenges such as operating losses and a weak ability to service its debt, which may contribute to its perceived riskiness. Despite these concerns, the stock's recent upward movement suggests that investors are responding positively to its recent financial results and overall market performance.