Why is Cravatex falling/rising?

As of 29-Jul, Cravatex Ltd's stock price is currently at 528.30, reflecting an increase of 7.3, or 1.4%. The stock has shown strong performance recently, gaining 7.75% over the last two days and opening today with a significant gap up of 5.57%. It has outperformed its sector by 0.72% today and is trading above all key moving averages. Additionally, the stock has delivered a remarkable 22.01% return over the past month, while the broader market has seen a decline of 3.24%. However, despite this positive momentum, the company faces challenges such as weak long-term fundamental strength, negative EBITDA, and a poor EBIT to Interest ratio, which may raise concerns among investors.
In the broader market context, Cravatex's recent performance stands in stark contrast to the benchmark, as it has achieved a 10.38% return over the past week while the Sensex has declined by 1.03%. This divergence highlights the stock's resilience amid a generally unfavorable market environment. Despite the negative returns of -2.26% from the BSE500 over the past year, Cravatex has managed to generate a positive return of 7.79%. However, the company's reported losses and declining operating profits could pose risks to its future performance, suggesting that while the stock is currently rising, underlying issues may affect its sustainability.