Why is Celebrity Fash. falling/rising?

As of 11-Jun, Celebrity Fashions Ltd's stock price is currently at 13.49, reflecting an increase of 0.84, or 6.64%. The stock has been gaining momentum, with a performance of 7.49% over the last three days and an outperformance of its sector by 6.29% today. In the past week, the stock has risen by 5.56%, and over the past month, it has shown a significant increase of 20.45%. However, despite these short-term gains, the company faces serious long-term challenges, including a high debt-to-equity ratio of 15.33 times and negative growth in net sales and operating profit over the last five years. The company has also reported negative results for the last seven consecutive quarters, which raises concerns about its financial health and profitability.
Broader market context indicates that while Celebrity Fashions Ltd has outperformed the benchmark in the short term, it has consistently underperformed over longer periods, with a year-to-date return of -18.93% compared to the Sensex's 5.60%. The stock's recent rise may be attributed to increased investor participation, as evidenced by a 175.38% rise in delivery volume, but the overall sentiment remains cautious due to the company's high debt levels and poor long-term growth prospects. The stock's liquidity is adequate for trading, yet the significant pledge of promoter shares (77.63%) adds a layer of risk, particularly in volatile market conditions.