Why is Katare Spinning falling/rising?

As of 09-Jul, Katare Spinning Mills Ltd is experiencing a price increase, currently at Rs 159.70, reflecting a rise of Rs 1.9 or 1.2%. Today's price movement shows that the stock outperformed its sector by 1.21%, reaching an intraday high of Rs 161.8, although it also faced significant volatility, with a wide trading range of Rs 15.65 and an intraday volatility of 5.08%. Despite this positive movement, the stock has shown a negative performance over the past month and year, with returns of -6.06% and -30.52%, respectively. The company is facing challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a decline in net sales and operating profit over the last five years. Additionally, the stock's high debt levels and negative return on capital employed (ROCE) contribute to its risky profile, which may deter some investors.
In the broader market context, the stock's short-term return of +2.40% over the past week significantly outperformed the Sensex, which only increased by 0.15%. However, the longer-term performance reveals a consistent underperformance against the benchmark, with a -30.52% return over the past year compared to the Sensex's +3.96%. This disparity highlights the challenges faced by Katare Spinning Mills Ltd in maintaining investor confidence, despite today's positive price movement. The stock's recent rise may be attributed to increased investor participation, as indicated by a 25.32% rise in delivery volume, but the underlying financial issues remain a concern for its long-term viability.