Why is Jagatjit Inds. falling/rising?

As of 13-Aug, Jagatjit Industries Ltd is experiencing a price increase, currently at 196.80, reflecting a rise of 3.2 or 1.65%. The stock has shown a positive performance today, outperforming its sector by 1.96%, and has gained consecutively over the last two days, resulting in a total return of 4.38% during this period. In terms of longer-term performance, the stock has generated an 8.82% return over the past year and has outperformed the BSE500 index over the last three years, one year, and three months. However, it is important to note that the company has high debt levels, with a Debt-Equity Ratio of 7.5 times, and has reported negative results for the last five consecutive quarters, which could weigh on investor sentiment despite the recent price increase.
In the broader market context, the stock's short-term return of 3.66% over the past week contrasts with the Sensex, which has remained nearly flat at -0.01%. This indicates that Jagatjit Industries Ltd is performing well relative to the broader market in the short term. However, the company's long-term fundamentals are concerning, as it has shown poor growth with an operating profit growth rate of 0% over the last five years and negative returns on equity. The low participation from domestic mutual funds, holding only 0.11% of the company, suggests a lack of confidence in the stock's valuation or business prospects, which could impact its future performance despite the recent uptick in price.