Why is Kakatiya Textile falling/rising?

As of 03-Jul, Kakatiya Textiles Ltd is experiencing a price increase, currently at Rs 23.60, reflecting a rise of 1.12 or 4.98%. The stock has shown strong performance today, outperforming its sector by 4.68% and achieving consecutive gains over the last three days, with an overall return of 18% during this period. The stock reached an intraday high of Rs 23.60 and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company reported a significant growth in net sales of 183.9% and positive quarterly results, which have contributed to the stock's upward movement. However, it is important to note that the company has a negative book value and high debt levels, indicating 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 +8.76% compared to the Sensex's -0.62%. While the stock has faced challenges over longer periods, such as a -4.18% return over the past year, its recent performance suggests a positive shift in investor sentiment, likely driven by the strong quarterly results and increased trading volume. Despite the positive short-term trends, the company's long-term growth prospects remain uncertain due to its negative book value and high debt-to-equity ratio, which could pose risks for future performance.