Why is Empower India falling/rising?

As of 24-Sep, Empower India Ltd's stock price is currently at Rs. 2.49, reflecting an increase of Rs. 0.11 or 4.62%. The stock has recently hit a new 52-week high and has been on a strong upward trend, gaining 94.53% over the last eight days. It has outperformed its sector by 4.81% today and is trading above all key moving averages, indicating strong momentum. Despite a low Return on Equity (ROE) of 1.03% and negative operating profit growth over the past five years, the stock has managed to generate a 7.79% return over the last year, contrasting with the broader market's negative performance. The company's low debt-to-equity ratio and rising investor participation, with a significant increase in delivery volume, suggest a growing interest among investors despite underlying concerns about management efficiency and profitability.
Broader market context indicates that while the stock has shown impressive short-term returns, outperforming the Sensex by a substantial margin, the overall market has been struggling, with the BSE500 generating negative returns of -5.32% over the past year. Empower India's remarkable 88.64% return over the past month further highlights its strong performance relative to the benchmark. However, the company's long-term growth prospects remain uncertain due to poor financial metrics, including a significant decline in profits and negative EBITDA, which could pose risks for future performance despite the current upward trend in stock price.