Why is Heera Ispat falling/rising?

As of 01-Jul, Heera Ispat Ltd's stock price is rising, currently at 9.16, reflecting an increase of 0.43 or 4.93%. The stock has shown strong performance recently, gaining 20.84% over the last four days and outperforming its sector by 5.5% today. Additionally, it has delivered impressive returns over various periods, including a 43.80% increase over the past year and a remarkable 158.03% rise over the last three years. However, there are concerns regarding the company's financial health, as it has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA) and flat results in its latest quarterly report.
In the broader market context, Heera Ispat's short-term performance significantly outpaces the benchmark, with a 14.93% increase over the past week compared to the Sensex's 2.00% rise. This strong relative performance highlights investor interest despite the company's recent financial struggles. While the stock's liquidity remains adequate for trading, a notable decline in delivery volume suggests a potential decrease in investor participation, which could impact future price movements. Overall, the stock's recent gains are driven by its historical performance and market sentiment, despite underlying financial risks.