Why is High Street Fila falling/rising?

As of 31-Jul, High Street Filatex Ltd is experiencing a price increase, currently at Rs 189.90, reflecting a rise of Rs 4.65 or 2.51%. The stock has shown strong performance in the near term, with a 5.00% increase over the past week and a remarkable 9.14% rise over the last month. Today, the stock opened with a gain of 4.91% and reached an intraday high of Rs 194.35. However, it also touched a low of Rs 177, indicating some volatility. Despite this, the stock is trading above all its moving averages, and there has been a significant increase in delivery volume, suggesting rising investor participation. While the stock has generated impressive returns over the past year and has outperformed the BSE500 in various time frames, it faces challenges such as operating losses and a negative EBITDA, which may impact long-term investor confidence.
In the broader market context, High Street Filatex Ltd has outperformed the Sensex, which has declined by 1.22% over the past week and 3.00% over the past month, while the stock itself has gained significantly. This contrast highlights the stock's strong relative performance despite the overall market downturn. However, the company's weak long-term fundamentals, indicated by a negative EBIT to interest ratio and reduced promoter confidence, could pose risks to its future performance. The decline in promoter stake by 24.44% may signal a lack of confidence in the company's prospects, which could affect investor sentiment moving forward.