Why is Jagatjit Inds. falling/rising?

As of 12-Aug, Jagatjit Industries Ltd's stock price is currently at Rs 193.60, reflecting an increase of Rs 5.05, or 2.68%. Today, the stock opened with a gain of 4.48% and reached an intraday high of Rs 197, outperforming its sector by 2.24%. Over the past week, the stock has shown a modest increase of 0.94%, while its performance over the last month is up by 1.26%. However, despite these short-term gains, the company has reported negative results for the last five consecutive quarters, with a significant drop in profit margins and a high debt-to-equity ratio of 7.5 times, indicating weak long-term fundamentals. This combination of short-term performance and ongoing financial struggles may create a mixed sentiment among investors.
In the broader market context, while Jagatjit Industries has outperformed the Sensex in the short term, with a 1-week return of 0.94% compared to the Sensex's decline of 0.59%, the stock's year-to-date performance is concerning, showing a decline of 19.33% against the Sensex's gain of 2.68%. The stock's liquidity appears adequate for trading, but the significant drop in delivery volume suggests a decrease in investor participation, which could signal caution among traders. Overall, while there are positive short-term movements, the underlying financial challenges and low institutional interest may contribute to a cautious outlook for the stock.