Why is Kakatiya Textile falling/rising?

As of 02-Jul, Kakatiya Textiles Ltd's stock price is rising, currently at Rs 22.48, reflecting an increase of Rs 1.05 or 4.9%. The stock has shown strong performance today, outperforming its sector by 4.68% and achieving a consecutive gain over the last two days with a total return of 12.4%. It opened with a gain of 4.76% and reached an intraday high of Rs 22.5. Additionally, Kakatiya Textiles is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported a significant growth in net sales of 183.9%, contributing to positive quarterly results, although it also faces challenges such as a negative book value and high debt levels, which indicate weak long-term fundamental strength.
In the broader market context, Kakatiya Textiles has outperformed the benchmark Sensex in the short term, with a 1-week return of 5.29% compared to the Sensex's 0.79%. However, the stock has underperformed over the longer term, with a year-to-date return of -1.27% against the Sensex's 6.75%. This contrast highlights the stock's volatility and the mixed sentiment among investors, as it has generated negative returns of -11.74% over the past year while the broader market has seen positive growth. Despite the recent gains, the company's high debt and negative book value present risks that could affect its future performance.