Why is Jagatjit Inds. falling/rising?

As of 17-Sep, Jagatjit Industries Ltd is experiencing a price increase, currently at Rs 225.00, reflecting a rise of Rs 18.0 or 8.7%. The stock has outperformed its sector by 7.91% today, reaching an intraday high of Rs 226.15. Over the past week, the stock has gained 1.60%, and in the last month, it has risen significantly by 18.73%. However, despite this recent uptick, the company faces significant challenges, including a high debt-to-equity ratio of 7.5 times and a history of negative results over the last six quarters, which has led to a substantial decline in net sales and profitability. The stock's performance is further complicated by a drastic drop in delivery volume, indicating falling investor participation.
In the broader market context, Jagatjit Industries has shown a short-term return that slightly exceeds the benchmark, with a 1-week increase of 1.60% compared to the Sensex's 1.56%. However, the stock has underperformed over the longer term, with a year-to-date decline of 6.25% against the Sensex's gain of 5.83%. This disparity highlights the stock's volatility and the market's cautious stance, particularly given its weak long-term fundamentals and low profitability metrics. The limited interest from domestic mutual funds, holding only 0.11% of the company, suggests a lack of confidence in its future performance, which may continue to weigh on the stock despite its recent rise.