Why is Citizen Infoline falling/rising?

As of 27-Jun, Citizen Infoline Ltd's stock price is rising, currently at 66.23, reflecting an increase of 1.29 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, resulting in a remarkable 51.24% return during this period. Additionally, the stock has outperformed its sector by 2.28%. Over the past year, it has generated a return of 75.96%, significantly outperforming the BSE 500 in each of the last three annual periods. However, despite these positive returns, the company faces challenges such as operating losses and weak long-term fundamental strength, which may impact investor sentiment.
In the broader market context, Citizen Infoline's short-term return of 10.36% over the past week is substantially higher than the Sensex's return of 2.00% during the same period. This strong performance relative to the benchmark highlights investor confidence in the stock despite its underlying operational issues. The stock's liquidity remains adequate for trading, although there has been a notable decline in delivery volume, indicating a potential decrease in investor participation. Overall, while the stock is experiencing a rise in price, the company's weak fundamentals and negative EBITDA present risks that could affect its long-term viability.