Why is High Street Fila falling/rising?

As of 03-Sep, High Street Filatex Ltd is experiencing a price increase, currently at Rs 198.00, reflecting a rise of Rs 9.0 or 4.76%. The stock has shown strong performance recently, gaining 23.02% over the past week and 199.55% over the last year, significantly outperforming the BSE500 index during the same periods. Despite this positive momentum, the company faces challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative EBIT to Interest ratio and reported losses. Additionally, promoter confidence appears to be waning, with a notable decrease in their stake, which may impact investor sentiment.
Broader Market Context: In the short term, High Street Filatex Ltd has outperformed the Sensex, which has seen a slight decline of 0.27% over the past week. The stock's recent gains come amid a broader market context where the company has consistently delivered market-beating returns, particularly over the long term. However, the stock's rising price is juxtaposed with concerns about its financial health and declining promoter confidence, suggesting that while the stock is currently rising, underlying issues could pose risks moving forward.