Why is Kanco Tea falling/rising?

As of 04-Jul, Kanco Tea & Industries Ltd is experiencing a price increase, currently at Rs 73.00, reflecting a rise of 1.77 (2.48%). The stock has outperformed its sector today by 2.44%, reaching an intraday high of Rs 73. Despite this positive movement, the company faces significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0.28. The stock has shown mixed performance over different periods, with a year-to-date decline of 17.98% despite a modest one-year return of 0.93%. Additionally, the stock's delivery volume has decreased by 16.92% against the five-day average, suggesting falling investor participation.
In the broader market context, Kanco Tea's short-term performance of +0.12% over the past week contrasts with the Sensex, which has declined by 0.74%. While the stock has shown some resilience in the short term, its long-term fundamentals remain weak, with negative EBITDA and low profitability per unit of shareholder funds. The company's returns over three years and five years are significantly lower than the benchmark, indicating that while there may be short-term gains, the overall outlook remains risky and uncertain.