Why is Kerala Ayurveda falling/rising?

As of 30-Jun, Kerala Ayurveda Ltd's stock price is currently at Rs. 598.00, reflecting an increase of Rs. 13.0 or 2.22%. The stock has recently hit a new 52-week and all-time high of Rs. 614, demonstrating strong upward momentum. Over the past week, the stock has gained 16.87%, and it has outperformed the Sensex, which only increased by 2.09% during the same period. Despite this positive performance, there are concerns regarding the company's high debt levels, with a Debt-Equity Ratio of 7.09 times, and poor long-term growth, as indicated by a significant decline in operating profit. Additionally, the company's recent financial results have shown a negative PAT, which may raise red flags for investors.
Broader market context indicates that while Kerala Ayurveda has performed exceptionally well over the past year, generating a return of 92.47% compared to the Sensex's 5.79%, the stock's liquidity has been affected by a notable drop in delivery volume, which fell by 64.24% against the 5-day average. This decline in investor participation could signal caution among investors, despite the stock's recent gains. The company's weak long-term fundamentals, highlighted by a negative EBITDA and low profitability per unit of capital, may also contribute to a more cautious outlook among potential investors, particularly given the limited interest from domestic mutual funds.