Why is Gayatri Sugars falling/rising?

As of 10-Jun, Gayatri Sugars Ltd is experiencing a significant rise in its stock price, currently at Rs 12.97, reflecting an increase of 2.16 or 19.98%. The stock has shown remarkable performance recently, with a 40.67% gain over the last three days and a 40.98% increase over the past week. Additionally, the stock has outperformed its sector by 19.21% today. Positive financial results reported for the quarter ending March 25, including a 113.7% growth in net sales and the highest profit after tax, have contributed to this upward movement. However, the company also faces challenges, including a negative book value and high debt levels, which indicate weak long-term fundamental strength.
In the broader market context, while Gayatri Sugars has outperformed the Sensex in the short term, with a 40.98% increase over the past week compared to the Sensex's 2.05%, it has underperformed over the longer term, with a year-to-date return of -2.41% against the Sensex's 5.44%. This disparity highlights the stock's volatility and the mixed sentiment surrounding its future prospects. Despite the recent gains, the stock's long-term outlook remains uncertain due to its negative book value and high promoter share pledging, which could exert downward pressure in a falling market.