Why is Chandni Machines falling/rising?

As of 13-Nov, Chandni Machines Ltd's stock price is rising, currently at Rs. 121.67, reflecting an increase of 5.79 (5.0%). The stock has reached a new 52-week and all-time high today, outperforming its sector by 4.84%. It has shown remarkable performance over the last 20 days, gaining 255.03% in returns, and has consistently outperformed the BSE500 over the past three years. However, despite these impressive returns, the company faces challenges such as operating losses and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.75 and a significant drop in net sales, which fell by 48.5% compared to the previous four-quarter average. Broader market context shows that while Chandni Machines has significantly outperformed the Sensex with a 27.59% return over the past week and a staggering 241.67% over the past month, the broader market has only seen a 1.40% and 2.61% increase, respectively. This stark contrast highlights the stock's strong momentum in the short term. However, the falling investor participation, as evidenced by a 69.05% decrease in delivery volume, raises concerns about the sustainability of this upward trend, especially given the company's negative EBITDA and declining profits over the past year.