Why is Kerala Ayurveda falling/rising?

As of 01-Jul, Kerala Ayurveda Ltd's stock price is rising, currently at Rs. 600.65, reflecting an increase of 2.65 (0.44%). The stock has reached a new 52-week and all-time high of Rs. 625 today, having outperformed its sector by 0.65%. It has shown a strong performance over the last three days, gaining 11.73%, and has opened with a gap up of 4.52%. Over the past week, the stock has surged by 12.25%, and it has delivered impressive returns of 43.01% over the past month and 94.54% over the past year. However, despite these positive movements, the company faces challenges such as a high debt-to-equity ratio of 7.09 times and negative operating profit growth, which may raise concerns about its long-term fundamental strength.
In the broader market context, Kerala Ayurveda's recent performance significantly outpaces the benchmark Sensex, which has only increased by 2.00% over the past week and 2.76% over the past month. This stark contrast highlights the stock's strong momentum relative to the overall market. However, the stock's rising price is tempered by the fact that domestic mutual funds hold only a minimal stake of 0.06%, suggesting a lack of confidence in the company's long-term prospects. Additionally, the company's recent negative earnings report and declining profitability metrics indicate potential risks that could affect future performance, despite its current upward trajectory.