Why is Cosmo Ferrites falling/rising?

As of 23-Jun, Cosmo Ferrites Ltd is experiencing a price increase, currently at Rs 294.55, reflecting a rise of Rs 11.6 or 4.1%. The stock has shown strong performance recently, gaining 7.07% over the last two days and outperforming its sector by 2.09%. Notably, it has generated a remarkable return of 69.53% over the past year, significantly higher than the market's return of 2.78%. However, the company faces challenges, including operating losses and a high Debt to EBITDA ratio, which indicate weak long-term fundamental strength. Despite these concerns, the stock's recent upward movement may be attributed to rising investor participation and favorable trading conditions, as it is currently trading above all key moving averages.
In the broader market context, the stock's short-term performance has been slightly negative, with a 1-week return of -0.15%, contrasting with the Sensex's slight gain of 0.12% during the same period. While the stock has outperformed the sector today, its year-to-date performance shows a decline of 11.43%, compared to the Sensex's increase of 4.81%. This divergence highlights the stock's volatility and the impact of its underlying financial issues, which could affect investor sentiment moving forward.