Why is Kerala Ayurveda falling/rising?

As of 03-Sep, Kerala Ayurveda Ltd's stock price is currently at 473.40, reflecting an increase of 18.4, or 4.04%. Today's price summary indicates that the stock has outperformed its sector by 2.8% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock reached an intraday high of Rs 475, while the day's low was Rs 432.7. Despite a recent downturn, the stock has shown strong performance over the past year with a return of 48.40%, significantly outperforming the BSE500. However, the company faces challenges, including a high debt-to-equity ratio of 7.09 times and a concerning decline in operating profit, which has decreased at an annual rate of -210.97% over the last five years. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 20.75% in the previous quarter.
In the broader market context, Kerala Ayurveda's short-term performance shows a decline of 1.42% over the past week, while the benchmark Sensex has only decreased by 0.27%. This indicates that the stock has underperformed relative to the broader market in the short term. However, year-to-date, Kerala Ayurveda has outperformed the Sensex, with a return of 7.10% compared to the benchmark's 3.11%. The stock's liquidity is adequate for trading, but the high debt levels and negative EBITDA signal potential risks for investors. Overall, while the stock is experiencing a rise today, the underlying financial challenges and reduced promoter confidence may weigh on its future performance.