Why is Jetking Infotrai falling/rising?

As of 21-Jul, Jetking Infotrain Ltd's stock price is currently at Rs. 244.90, reflecting an increase of Rs. 4.8 or 2.0%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 15 consecutive days with a total return of 34.34% during this period. Despite opening with a loss of 2%, the stock managed to touch an intraday high of Rs. 244.9. Over the past year, Jetking has shown remarkable performance, with a return of 320.43%, significantly outperforming the BSE500 index in both the short and long term. However, the company faces challenges, including operating losses and weak long-term fundamental strength, which could impact investor sentiment despite the recent price increase.
In the broader market context, Jetking's performance has been notably strong, with a 10.34% increase over the past week, while the Sensex has remained nearly flat at -0.06%. This indicates that Jetking is outperforming the benchmark significantly in the short term. However, the stock's liquidity has been affected by a decline in delivery volume, which fell by 61.6% against the 5-day average. Additionally, the company's weak ability to service its debt and poor long-term growth metrics may pose risks to its valuation, despite the impressive short-term gains. Overall, while the stock is currently rising, underlying financial challenges could temper future performance.