Why is Indian CardCloth falling/rising?

As of 09-Jul, Indian Card Clothing Company Ltd's stock price is currently at 320.00, reflecting an increase of 6.15 (1.96%). Today's price summary indicates that the stock has outperformed its sector by 2.07% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock opened with a significant gain of 4.73% and reached an intraday high of Rs 334.75, marking a 6.66% increase. Despite this positive movement, the stock has shown a decline of 6.71% over the past month and a year-to-date drop of 3.32%. Positive factors contributing to the stock's rise include a substantial growth in PAT for the last nine months and a high return on capital employed, while negative factors include operating losses and a weak ability to service debt, which raises concerns about long-term fundamental strength.
In the broader market context, the stock's short-term performance over the past week has been notably better than the benchmark Sensex, which only increased by 0.15%, while Indian Card Clothing Company Ltd rose by 5.38%. However, the stock's year-to-date performance lags behind the benchmark's 6.91% increase. This disparity highlights the stock's volatility and the mixed signals it presents to investors, as it has generated a commendable return of 14.29% over the past year compared to the market's 3.96%, but its recent operating losses and negative EBITDA suggest caution moving forward.