Why is Keerthi Indus falling/rising?

As of 04-Sep, Keerthi Industries Ltd is experiencing a price increase, currently at Rs 77.40, reflecting a rise of 3.27 or 4.41%. Today's price summary indicates that the stock has outperformed its sector by 4.7% and has gained after two consecutive days of decline. Despite opening with a loss of 2.86%, the stock reached an intraday high of Rs 77.40. However, it has shown weak long-term fundamentals, with a significant decline in operating profits and a negative EBITDA, which raises concerns about its profitability and ability to service debt. Additionally, 44.65% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of 2.11% and 5.02%, respectively, while the Sensex has shown gains of only 0.80% and a slight decline of 0.37%. However, the stock has underperformed significantly over the longer term, with a year-to-date decline of 12.05% compared to the Sensex's increase of 3.30%. This consistent underperformance against the benchmark over the past three years, combined with the company's financial struggles, suggests that while there may be short-term gains, the long-term outlook remains challenging.