Why is Artson falling/rising?

As of 18-Sep, Artson Ltd's stock price is currently at Rs 187.40, reflecting an increase of 8.9, or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.18% and achieving a consecutive gain over the last two days with a total return of 10.24%. It opened with a gain of 4.99% and reached an intraday high of Rs 187.40. Additionally, Artson is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, while the company reported positive results in net sales and profit after tax, it also faces significant challenges, including a high debt-equity ratio of 9.48 times and negative EBITDA, which raises concerns about its long-term fundamental strength and growth potential.
In the broader market context, Artson's short-term return of 10.56% over the past week significantly outpaces the Sensex's return of 1.80% during the same period. This strong performance suggests that investor sentiment may be favoring Artson despite its underlying financial risks. The company's recent gains could be attributed to rising investor participation, as evidenced by a substantial increase in delivery volume. However, the low stake held by domestic mutual funds, at only 0.03%, indicates a lack of confidence in the stock's valuation or business prospects, which could temper future growth despite the current upward momentum.