Why is Guj Apollo Inds falling/rising?

As of 17-Jul, Gujarat Apollo Industries Ltd is experiencing a price increase, with its current price at Rs 432.00, reflecting a rise of Rs 27.0 or 6.67%. The stock has recently hit a new 52-week and all-time high of Rs 440.45, outperforming its sector by 6.5%. Over the past week, the stock has gained 15.20%, and it has shown a remarkable increase of 54.15% over the last year. However, despite these positive movements, the company has reported operating losses and negative results for the last five consecutive quarters, which raises concerns about its long-term fundamental strength. The company's ability to service its debt is weak, with a poor EBIT to Interest ratio, and it has faced a significant drop in profits, which could impact investor sentiment.
Broader market context indicates that while Gujarat Apollo Industries Ltd has been performing well, the broader benchmark, Sensex, has seen a decline of 1.12% over the past week. This suggests that the stock's recent gains are particularly notable against a backdrop of broader market weakness. The stock's strong performance in both the short and long term, coupled with its ability to outperform the benchmark significantly, highlights its resilience. However, the falling investor participation and the company's ongoing financial struggles may temper enthusiasm among investors, indicating a complex landscape for future price movements.