Why is Eurotex Industri falling/rising?

As of 27-Jun, Eurotex Industries and Exports Ltd is experiencing a price increase, currently at 16.70, which reflects a rise of 0.45 or 2.77%. The stock has shown strong performance recently, gaining 15.73% over the last six days and outperforming its sector by 2.04% today. Additionally, it has outperformed the benchmark Sensex over various periods, including a 9.87% increase over the past week and a 23.70% increase over the past month. Positive financial results, including the highest profit after tax of Rs 1.67 crore and earnings per share of Rs 1.91, have contributed to this upward movement, despite the company facing challenges such as a negative book value and high debt levels.
In the broader market context, Eurotex's recent performance has significantly outpaced the Sensex, which has only increased by 2.00% over the past week and 3.07% over the past month. The stock's ability to generate a 14.54% return over the last year, while the Sensex has risen by 6.08%, highlights its strong market position. However, it is important to note that the company has a weak long-term fundamental strength due to declining net sales and a high debt-to-equity ratio, which may pose risks for future performance despite the current positive momentum.