Why is Electrotherm(I) falling/rising?

As of 18-Sep, Electrotherm (India) Ltd is experiencing a price increase, currently at Rs 1,063.00, reflecting a rise of 30.0 points or 2.9%. The stock has shown strong performance recently, gaining 7.51% over the last three days and outperforming its sector by 2.67% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date decline of 13.89%, the stock has delivered a remarkable 1160.97% return over the past three years. However, it faces challenges such as a negative book value and declining sales and profits over the last four quarters, which may temper investor enthusiasm.
In the broader market context, the stock's recent performance has been somewhat mixed compared to the benchmark Sensex, which has risen by 1.80% over the past week and 6.24% year-to-date. While Electrotherm has outperformed the Sensex in the short term with a 0.99% gain over the last week and a significant 35.21% increase over the past month, its long-term fundamentals remain weak due to high debt and negative results in recent quarters. The increase in institutional investor participation, which has risen by 0.67% in the last quarter, may provide some support, but the overall financial health of the company raises concerns for potential investors.