Why is Guj Apollo Inds falling/rising?

As of 22-Sep, Gujarat Apollo Industries Ltd is experiencing a price increase, currently at Rs 502.00, reflecting a rise of Rs 21.05 or 4.38%. The stock has shown strong performance today, outperforming its sector by 5.43% and achieving a consecutive gain over the last two days with a total return of 5.68%. It reached an intraday high of Rs 504.9, while the stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite these positive indicators, the company has reported operating losses and negative results for the last six consecutive quarters, which raises concerns about its long-term fundamental strength and ability to service its debt.
In the broader market context, Gujarat Apollo's short-term return of 1.47% over the past week significantly outpaces the Sensex's return of 0.46%. Over the last year, the stock has generated a return of 31.16%, contrasting sharply with the Sensex's decline of 2.82%. This strong performance relative to the benchmark suggests that while the stock is currently rising, underlying issues such as weak EBIT to interest ratios and negative EBITDA may pose risks for future stability. Additionally, the lack of investment from domestic mutual funds indicates potential caution among institutional investors regarding the company's valuation and business outlook.