Why is Kamanwala Housin falling/rising?

As of 10-Jun, Kamanwala Housing Construction Ltd is experiencing a price increase, currently at Rs 21.52, reflecting a rise of Rs 1.02 or 4.98%. The stock has shown strong performance today, outperforming its sector by 5.78% and has been on a gaining streak for the last three days, accumulating a total return of 9.57% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Positive financial results, including a high return on capital employed (ROCE) of 42.89% and significant cash reserves, further bolster investor confidence. However, the company faces challenges with operating losses and a weak ability to service its debt, which could temper enthusiasm.
In the broader market context, Kamanwala Housing has outperformed the Sensex, with a 1-week return of 3.41% compared to the benchmark's 2.05%, and a remarkable 1-month return of 67.73% against the Sensex's 3.70%. This strong relative performance highlights the stock's appeal among investors, despite the underlying risks associated with its financial health. The stock's ability to generate substantial returns over the past year and outperform the BSE 500 in various time frames suggests a favorable market perception, although the company's negative EBITDA and operating losses indicate potential long-term vulnerabilities.