Why is Jagatjit Inds. falling/rising?

As of 22-Jul, Jagatjit Industries Ltd's stock price is currently at 205.50, reflecting an increase of 1.5, or 0.74%. The stock has shown a positive performance today, outperforming its sector by 1.08%, and reached an intraday high of Rs 210, which is a 2.94% increase. Over the past week, the stock has gained 0.74%, while it has significantly outperformed the benchmark Sensex over the last three years, with a return of 250.09% compared to the Sensex's 46.57%. However, despite these positive short-term movements, the company has reported negative results for the last five consecutive quarters, indicating weak long-term fundamentals. The high debt levels, with a Debt-Equity Ratio of 7.5 times, and a negative return on equity further contribute to the stock's risky profile, which may deter long-term investors. In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.47% over the past week. While Jagatjit Industries has shown resilience in the short term, its year-to-date performance remains negative at -14.37%, compared to the Sensex's positive return of 5.18%. The falling investor participation, evidenced by a significant drop in delivery volume, suggests that despite the stock's recent gains, there may be underlying concerns among investors regarding the company's financial health and future growth prospects. This combination of short-term gains against a backdrop of long-term challenges creates a complex picture for Jagatjit Industries Ltd.