Why is Chemfab Alka. falling/rising?

As of 04-Jul, Chemfab Alkalis Ltd is experiencing a price increase, currently at Rs 805.00, reflecting a rise of Rs 14.0 or 1.77%. The stock has shown strong performance today, outperforming its sector by 1.93% and reaching an intraday high of Rs 812.3, which is a 2.69% increase. Over the past week, the stock has gained 5.26%, and it has also delivered a notable 29.16% return over the last year, significantly outperforming the BSE500 index during this period. However, the company has faced challenges, including negative results for the last eight consecutive quarters, with a significant drop in profits and a high debt-equity ratio, which may contribute to investor caution despite the recent price rise.
In the broader market context, Chemfab Alkalis Ltd's short-term performance contrasts with the Sensex, which has declined by 0.74% over the past week. While the stock has shown resilience in the face of its recent financial struggles, the low participation from domestic mutual funds, holding only 0.25% of the company, suggests a lack of confidence in its valuation and business prospects. This mixed sentiment, combined with the stock's premium valuation compared to peers, indicates that while the stock is currently rising, underlying concerns about its financial health and market perception may affect its future performance.