Why is Jetking Infotrai falling/rising?

As of 30-Jul, Jetking Infotrain Ltd's stock price is currently at Rs. 281.05, reflecting an increase of Rs. 5.5 or 2.0%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 21 days, accumulating a remarkable 51.18% return during this period. Additionally, the stock has outperformed the sector by 2.75% today and is trading above all its moving averages, indicating strong momentum. However, despite these positive indicators, the company faces challenges such as operating losses and weak long-term fundamental strength, with poor growth rates in net sales and operating profit over the past five years, which may temper investor enthusiasm.
In the broader market context, Jetking Infotrain's performance has significantly outpaced the benchmark, with a 10.35% gain over the past week compared to a decline of 1.50% in the Sensex. Over the last month, the stock has surged by 54.17%, while the benchmark has fallen by 2.54%. This stark contrast highlights the stock's strong market-beating performance in both the short and long term. However, the falling investor participation, as indicated by a 56.24% drop in delivery volume, raises concerns about the sustainability of this upward trend, especially given the company's weak ability to service its debt and negative operating profits.