Why is High Street Fila falling/rising?

As of 02-Sep, High Street Filatex Ltd's stock price is currently at Rs 189.00, reflecting an increase of Rs 7.0 or 3.85%. The stock has been on a positive trajectory, gaining for the last four days and achieving a remarkable 17.43% return over the past week. It opened today with a gain of 4.4% and reached an intraday high of Rs 191. However, despite this upward movement, the company faces significant challenges, including operating losses and a weak ability to service its debt, as indicated by a negative EBIT to Interest ratio of -0.18. Additionally, the promoters have reduced their stake by 24.44%, which may signal a lack of confidence in the company's future prospects.
In the broader market context, High Street Filatex Ltd has significantly outperformed the Sensex, which has seen a decline of 0.78% over the past week. While the stock has shown strong short-term performance, it has reported negative returns over the past month and year, indicating underlying issues that could affect its long-term viability. The company's negative EBITDA and declining promoter confidence further complicate its outlook, despite the recent price increase. Thus, while the stock is currently rising, the fundamental weaknesses may pose risks for future performance.