Why is Kati patang Life falling/rising?

As of 21-Aug, Kati Patang Lifestyle Ltd's stock is currently priced at Rs 22.70, reflecting an increase of Rs 1.6 or 7.58%. The stock opened with a significant gain of 8.01% today and reached an intraday high of Rs 22.79. Despite this positive movement, the stock has shown mixed performance over the past month, with a decline of 3.03%, although it has outperformed the sector by 7.45% today. The company reported higher net sales for the nine months ending June 25, but it also faces challenges such as operating losses and a weak long-term fundamental strength, which could impact investor sentiment. Additionally, the delivery volume has decreased significantly, indicating falling investor participation. Broader market context shows that while Kati Patang Lifestyle Ltd has generated impressive returns of 254.13% over the past year, the broader market, represented by the BSE500, has experienced a decline of 1.56% in the same period. In the short term, the stock's performance over the past week has been positive, with a return of 5.09%, significantly outpacing the Sensex's 1.74% increase. However, the company's weak ability to service its debt and negative EBITDA position raises concerns about its long-term viability, which could temper enthusiasm despite the recent price rise.