Why is Katare Spinning falling/rising?

As of 02-Jul, Katare Spinning Mills Ltd is experiencing a price increase, with its current price at 155.95, reflecting a rise of 1.95 or 1.27%. Despite this recent uptick, the stock has shown a significant decline over longer periods, with a year-to-date drop of 27.13% and a one-year return of -31.48%. Today's performance indicates that the stock has outperformed its sector by 1.05% and has gained for the last two consecutive days, accumulating a total return of 2.6%. However, it is important to note that the stock is trading below all major moving averages and is close to its 52-week low, which suggests underlying weaknesses. The company is facing operational challenges, including high debt levels and negative returns on capital employed, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 6.75% year-to-date. Over the past week, Katare Spinning has declined by 5.48%, while the Sensex has increased by 0.79%. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles, despite a recent increase in investor participation, as indicated by a 39.05% rise in delivery volume. Overall, while there may be short-term gains, the long-term outlook remains precarious due to the company's operational losses and high debt levels.