Why is Dhoot Indl.Fin falling/rising?

As of 30-Jul, Dhoot Industrial Finance Ltd's stock price is rising, currently at Rs 285.00, reflecting an increase of Rs 11.65 or 4.26%. The stock has shown positive momentum, gaining for the last two days with a total return of 7.55% during this period. It opened with a gain of 3.46% today and reached an intraday high of Rs 289, outperforming its sector by 3.65%. However, despite these short-term gains, the company has reported significant operating losses and negative results for the last three consecutive quarters, which raises concerns about its long-term fundamental strength. The company's ability to service its debt is weak, as indicated by a poor EBIT to Interest ratio of -1.13, and it has experienced a substantial decline in net sales and profits.
In the broader market context, Dhoot Industrial Finance Ltd's short-term performance contrasts with the benchmark Sensex, which has declined by 1.50% over the past week. While the stock has gained 16.90% over the past month, the year-to-date performance shows a decline of 25.97%, indicating a challenging environment for the company despite recent price increases. The stock's liquidity appears sufficient for trading, but the overall risk remains high due to negative EBITDA and a significant drop in profits over the past year. This combination of short-term gains against a backdrop of long-term financial struggles contributes to a complex outlook for the stock.