Why is Aksh Optifibre falling/rising?

As of 03-Sep, Aksh Optifibre Ltd is currently priced at 8.10, reflecting an increase of 0.14 or 1.76%. The stock has shown a strong performance today, outperforming its sector by 2.01% and has been on a consecutive gain for the last three days, resulting in a total return of 12.34% during this period. However, despite this recent uptick, the company has a concerning financial profile, characterized by a high debt-to-equity ratio of 6.83 times and a negative EBITDA, which raises red flags about its long-term viability. Additionally, the company has reported negative results for the last ten consecutive quarters, with a significant decline in net sales and profitability, which may contribute to investor caution despite the recent price increase.
In the broader market context, the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of 8.29% compared to the benchmark's slight decline of 0.27%. However, over longer periods, Aksh Optifibre has consistently underperformed against the benchmark, with a year-to-date return of -29.32% versus the Sensex's gain of 3.11%. This underperformance, coupled with decreasing promoter confidence—evidenced by a reduction in their stake—suggests that while the stock may be experiencing a temporary rise, the underlying fundamentals remain weak, which could pose risks for future performance.