Why is Keerthi Indus falling/rising?

As of 31-Jul, Keerthi Industries Ltd is experiencing a price increase, currently at Rs 77.80, reflecting a rise of 2.8 or 3.73%. The stock has shown a strong performance today, outperforming its sector by 4.55% and achieving a consecutive gain over the last two days, with a total return of 6.5% in this period. It opened with a notable gain of 3.99% and reached an intraday high of Rs 77.99. However, despite these short-term gains, the company has declared negative results for the last five consecutive quarters, with significant operating losses and a weak ability to service its debt. The stock's long-term fundamentals are concerning, highlighted by a low return on equity and a high percentage of pledged promoter shares, which may exert downward pressure in a falling market.
In the broader market context, Keerthi Industries has outperformed the Sensex in the short term, with a 1-week return of +7.09% compared to the benchmark's -1.22%. However, the stock has consistently underperformed against the benchmark over the last three years, with a 1-year return of -36.28% versus the Sensex's -0.68%. This underperformance, combined with the company's ongoing financial struggles and declining investor participation, suggests that while the stock may be rising in the short term, significant risks remain that could impact its future performance.