Why is Chandni Machines falling/rising?

As of 06-Oct, Chandni Machines Ltd is experiencing a price increase, currently at Rs 36.65, reflecting a rise of 2.49 or 7.29%. The stock has shown strong performance today, outperforming its sector by 9.76% and achieving a consecutive gain over the last two days with a total return of 10.56%. Despite opening with a loss of 3.16%, the stock reached an intraday high of Rs 36.99. However, it has faced significant challenges, including operating losses and a weak ability to service its debt, which has contributed to a negative EBITDA. The stock has generated a return of -49.43% over the past year, indicating poor long-term performance.
In the broader market context, Chandni Machines has outperformed the Sensex in the short term, with a 1-week return of 4.71% compared to the benchmark's 1.77%. Despite this recent uptick, the company has faced substantial headwinds, including a weak long-term fundamental strength and below-par performance over various time frames. The retailing sector has also declined by 2.55%, which may impact investor sentiment. The rising investor participation, indicated by a significant increase in delivery volume, suggests some confidence in the stock, but the overall financial health of the company remains a concern.