Why is High Street Fila falling/rising?

As of 01-Aug, High Street Filatex Ltd is experiencing a price increase, currently at Rs 198.00, reflecting a rise of Rs 8.1 or 4.27%. The stock has shown strong performance recently, with a 9.48% increase over the past week and a remarkable 116.02% rise year-to-date. Today, it opened with a gain of 4.98% and has been gaining for the last two days, accumulating a total return of 6.88%. However, despite this positive movement, the company faces significant challenges, including operating losses and a weak ability to service its debt, which may undermine investor confidence. The promoters have also reduced their stake by 24.44%, indicating a lack of confidence in the company's future prospects.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.06% over the past week, High Street Filatex Ltd has significantly outperformed, showcasing its resilience in a challenging market environment. While the textile sector has seen a drop of 2.86%, High Street Filatex's strong short-term returns highlight its relative strength. However, the broader market context remains cautious due to the company's negative EBITDA and declining promoter confidence, which could impact its long-term performance despite the current upward price movement.