Why is Jagatjit Inds. falling/rising?

As of 15-Jul, Jagatjit Industries Ltd's stock price is currently at Rs 204.00, reflecting an increase of Rs 3.0 or 1.49%. The stock has been on an upward trend, gaining for the last four consecutive days with a total return of 26.51% during this period. Today, it opened with a gap up of 3.46% and reached an intraday high of Rs 207.95. However, despite this positive movement, the company faces significant challenges, including a high debt-to-equity ratio of 7.5 times, negative operating profits, and a history of losses over the last five quarters. These factors contribute to a weak long-term fundamental strength, which may deter long-term investors despite the recent price rise.
In the broader market context, Jagatjit Industries has significantly outperformed the Sensex in the short term, with a weekly return of +24.31% compared to the benchmark's -1.36%. This stark contrast highlights the stock's recent strength amidst a generally declining market. However, the company's poor long-term growth prospects and negative financial indicators, such as a low return on equity and negative EBITDA, suggest that the stock's current rise may not be sustainable in the long run. Additionally, the minimal stake held by domestic mutual funds indicates a lack of confidence in the company's future performance, which could impact investor sentiment moving forward.