Why is Katare Spinning falling/rising?

As of 01-Jul, Katare Spinning Mills Ltd is experiencing a price increase, with its current price at Rs. 154.00, reflecting a rise of 2.0 (1.32%). Today's price summary indicates that the stock opened with a significant gain of 8.55%, reaching an intraday high of Rs. 165, although it also hit a new 52-week low of Rs. 149 earlier in the day. Despite this short-term upward movement, the stock has shown a substantial decline over the past week (-9.41%), month (-8.25%), and year (-31.81%), indicating a consistent underperformance against the benchmark. The company faces challenges such as operating losses, a high debt-to-equity ratio, and negative EBITDA, which contribute to its weak long-term fundamental strength and may deter investor confidence.
In the broader market context, while the Sensex has shown a positive return of +2.00% over the past week, Katare Spinning's performance has significantly lagged behind this benchmark. The stock's recent volatility and the decline in delivery volume by -90.54% against the 5-day average suggest a lack of sustained investor interest. The company’s negative returns over the past year, coupled with poor sales growth and operating profit, further highlight the risks associated with investing in this stock, making it a risky proposition compared to the overall market performance.