Why is Indsil Hydro falling/rising?

As of 22-Jul, Indsil Hydro Power & Manganese Ltd is experiencing a price increase, currently trading at 59.00, which reflects a rise of 1.03 or 1.78%. The stock has outperformed its sector today by 1.44%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of +0.85%, while its performance over the last month has been notably strong at +27.54%. However, it is important to note that the company is facing significant challenges, including operating losses and a high Debt to EBITDA ratio of 3.07 times, which indicates a low ability to service its debt. Additionally, the company has reported a negative EBITDA and a substantial decline in profitability, with a PBT of Rs -7.44 cr and a PAT of Rs -18.92 cr, leading to concerns about its long-term fundamental strength.
In the broader market context, while Indsil Hydro has shown a positive return of +19.24% year-to-date, the benchmark Sensex has only increased by 5.18% in the same period, highlighting the stock's relative strength. However, the stock's recent performance is overshadowed by its declining investor participation, as evidenced by a 50.28% drop in delivery volume compared to the 5-day average. This decline in participation could signal caution among investors despite the stock's current upward movement. Overall, while the stock is rising in price, the underlying financial challenges and reduced trading activity suggest a complex situation that could impact future performance.