Why is Kakatiya Cement falling/rising?

As of 20-Jun, Kakatiya Cement Sugar & Industries Ltd's stock price is currently at 165.05, reflecting an increase of 15.05 or 10.03%. Today, the stock has shown a positive performance, outperforming its sector by 10.06% and reversing a trend of five consecutive days of decline. It opened with a gain of 5.27% and reached an intraday high of Rs 177.7, indicating significant volatility with a wide trading range of Rs 23.2. However, despite this short-term rise, the company faces serious challenges, including operating losses, a weak ability to service debt, and negative results over the last four quarters, which have contributed to a significant decline in profitability and returns over the past year.
In the broader market context, Kakatiya Cement's short-term return of +5.13% over the past week and month significantly outpaces the Sensex, which has returned +1.59% and +1.50%, respectively. However, the company's long-term performance remains concerning, with a year-to-date decline of -11.36% compared to the Sensex's +5.46%. This consistent underperformance against the benchmark over the last three years, coupled with a negative EBITDA and low profitability metrics, suggests that while there may be short-term gains, the overall outlook for Kakatiya Cement remains weak.