Why is Gokak Textiles falling/rising?

As of 18-Sep, Gokak Textiles Ltd is experiencing a price increase, currently at 93.98, reflecting a rise of 3.98 or 4.42%. The stock opened with a gain of 3.32% today and reached an intraday high of Rs 94, outperforming its sector by 4.22%. However, despite this positive movement, the stock has shown a decline of 5.07% over the past month and a significant drop of 41.28% year-to-date. The company has reported negative results for the last three consecutive quarters, with a negative book value and weak long-term fundamentals, which raises concerns about its sustainability. Additionally, the delivery volume has fallen sharply, indicating a decrease in investor participation.
In the broader market context, Gokak Textiles has outperformed the Sensex in the short term, with a weekly return of 2.71% compared to the benchmark's 1.80%. However, the stock has underperformed significantly over the past year, with a return of -61.10% against the market's -1.96%. This stark contrast highlights the challenges Gokak Textiles faces, including high debt levels and poor growth metrics, which may overshadow the recent price increase and contribute to ongoing investor skepticism.