Why is ANG Lifesciences falling/rising?

As of 04-Jul, ANG Lifesciences India Ltd's stock price is currently at Rs 32.20, reflecting an increase of 1.53 or 4.99%. The stock has shown strong performance recently, gaining 10.24% over the last two days and outperforming its sector by 4.48% today. It opened with a gain of 4.96% and reached an intraday high of Rs 32.20. However, despite this recent uptick, the company has reported negative results for the last 12 consecutive quarters, including significant operating losses and a high Debt to EBITDA ratio of 5.83 times. This weak long-term fundamental strength, combined with a negative return on equity and a history of underperformance against benchmarks, raises concerns about the sustainability of the stock's recent gains.
In the broader market context, ANG Lifesciences has outperformed the Sensex in the short term, with a 15.00% return over the past week compared to a decline of 0.74% for the benchmark. However, the stock has significantly underperformed over longer periods, with a year-to-date decline of 27.95% against a 6.77% increase in the Sensex. The high percentage of pledged promoter shares (44.88%) adds to the risk, especially in a falling market, which could exert additional downward pressure on the stock. Overall, while the recent price movement shows positive momentum, the underlying financial challenges and historical performance suggest caution for investors.