Why is Chandni Machines falling/rising?

As of 23-Oct, Chandni Machines Ltd is experiencing a significant rise in its stock price, currently at Rs 46.81, reflecting an increase of 7.8 (19.99%). The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 36.59% during this period. It has outperformed its sector by 20.13% today, opening with a gain of 2.46% and reaching an intraday high of Rs 46.81. Despite this positive movement, the company faces challenges, including operating losses and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.75. The stock has underperformed over the past year, generating a return of -37.79%, which raises concerns about its sustainability despite the recent gains.
In the broader market context, Chandni Machines has significantly outperformed the benchmark Sensex in the short term, with a 1-week return of +33.74% compared to the Sensex's +1.30%. However, the stock's year-to-date performance remains concerning, with a decline of -19.78% against the Sensex's +8.21%. This stark contrast highlights the volatility and risk associated with the stock, as it has traded with high volatility today and has a negative EBITDA, indicating potential future challenges. The rising investor participation, evidenced by a substantial increase in delivery volume, suggests some confidence in the stock, but the underlying financial issues may temper this optimism.