Why is Jagatjit Inds. falling/rising?

As of 22-Sep, Jagatjit Industries Ltd's stock price is currently at Rs 224.70, reflecting an increase of Rs 1.2 or 0.54%. The stock has shown strong performance recently, with a 1-week return of +8.11% and a 1-month return of +21.46%, significantly outperforming the Sensex, which has only gained +0.46% and +1.05% in the same periods, respectively. Today's trading saw the stock reach an intraday high of Rs 229.9, indicating positive investor sentiment, supported by a notable increase in delivery volume by 71.25% against the 5-day average. However, the company faces significant challenges, including a high debt-to-equity ratio of 7.5 times and negative results over the last six quarters, which contribute to its weak long-term fundamental strength and low profitability.
Broader Market Context: Despite the stock's recent gains, it has underperformed over the past year, with a return of -20.68% compared to the broader market's decline of -2.82%. This disparity suggests that while short-term movements may be positive, the long-term outlook remains concerning due to the company's financial struggles and lack of confidence from domestic mutual funds, which hold only a minimal stake. The overall market context indicates that while Jagatjit Industries Ltd is experiencing a short-term rally, its long-term viability is questioned, which could impact future price movements.