Why is Gayatri Sugars falling/rising?

As of 01-October, Gayatri Sugars Ltd is experiencing a rise in its stock price, currently at 13.46, reflecting an increase of 0.94 or 7.51%. The stock has shown strong performance recently, gaining 26.86% over the past week and outperforming its sector by 6.45% today. It has been on a consecutive gain streak for the last five days and is trading above its moving averages across various time frames. However, the company faces significant challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. The recent quarterly results have also been disappointing, with net sales and profit after tax showing drastic declines compared to previous averages, indicating underlying financial instability.
In the broader market context, while Gayatri Sugars has outperformed the Sensex by a considerable margin in the short term, the stock has underperformed over the past year, with a return of -30.87% compared to the market's -3.90%. This stark contrast highlights the stock's volatility and the risks associated with its high promoter share pledges, which could exert additional downward pressure in adverse market conditions. Despite the recent gains, the overall sentiment remains cautious due to the company's financial struggles and the broader market's mixed performance.