Why is Kakatiya Textile falling/rising?

As of 01-Jul, Kakatiya Textiles Ltd is experiencing a price increase, currently at Rs 21.43, which reflects a rise of Rs 1.43 or 7.15%. The stock has shown a positive trend today, outperforming its sector by 7.79% and gaining after two consecutive days of decline. It opened with a significant gain of 6.95% and reached an intraday high of Rs 21.43. Additionally, Kakatiya Textiles is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a negative book value and high debt levels indicating long-term weaknesses, the company reported a remarkable growth in net sales of 183.9% and strong quarterly profits, which may have contributed to the recent positive price movement.
In the broader market context, Kakatiya Textiles has outperformed the Sensex in the short term, with a 1-week return of +3.03% compared to the benchmark's +2.00%. However, it has underperformed over the longer term, with a year-to-date return of -5.88% against the Sensex's +7.11%. This indicates that while the stock is currently experiencing a rise, it has struggled to maintain positive returns over the past year, reflecting a mixed performance relative to the broader market.