Why is Kakatiya Textile falling/rising?

As of 08-Jul, Kakatiya Textiles Ltd is experiencing a price increase, currently at Rs 21.85, reflecting a rise of 1.02 or 4.9%. Today's price summary indicates that the stock has outperformed its sector by 3.07% and has gained after two consecutive days of decline. However, it opened with a loss of 4.46%, reaching an intraday low of Rs 19.9 before recovering to its current price. Over the past week, the stock has shown a modest gain of 1.96%, but it has underperformed over the longer term, with a 5% decline over the past month and a 13.29% drop over the past year. Despite a significant growth in net sales and profits, the company faces challenges such as a negative book value and high debt, which contribute to its weak long-term fundamental strength.
In the broader market context, Kakatiya Textiles has underperformed compared to the benchmark Sensex, which has increased by 0.02% over the past week. While the stock has shown some short-term recovery, its long-term performance remains concerning, with a negative return of 13.29% over the past year compared to the market's positive return of 1.98%. This underperformance, coupled with a high debt-to-equity ratio and a weak growth outlook, suggests that the stock may be viewed as risky by investors, despite recent positive sales results.