Why is Gokak Textiles falling/rising?

As of 11-Sep, Gokak Textiles Ltd is experiencing a price increase, currently at Rs 91.50, reflecting a rise of Rs 1.5 or 1.67%. The stock has shown positive momentum recently, gaining for three consecutive days with a total return of 4.02% during this period. It outperformed its sector by 1.18% today and reached an intraday high of Rs 93.89. However, despite this short-term gain, the stock has underperformed significantly over the past month and year, with returns of -7.48% and -52.85%, respectively. The company has a negative book value and has reported poor long-term growth, with net sales and operating profit stagnating over the last five years. Additionally, the company has declared negative results for the last three consecutive quarters, which has contributed to its weak long-term fundamental strength.
In the broader market context, Gokak Textiles' recent performance contrasts with the benchmark Sensex, which has shown a modest gain of 1.03% over the past week. While the stock has outperformed the sector in the short term, its year-to-date performance remains concerning, with a decline of 42.83% compared to the Sensex's increase of 4.36%. The high debt levels and negative operating profits further exacerbate the risks associated with the stock, indicating that despite recent gains, the underlying fundamentals remain weak, leading to a cautious outlook for investors.