Why is Kesar Enterprise falling/rising?

As of 21-Jul, Kesar Enterprises Ltd is experiencing a price increase, currently at Rs 80.66, reflecting a rise of Rs 3.06 or 3.94%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and has outperformed its sector by 4.72%. It reached an intraday high of Rs 81, although it also touched a low of Rs 75.11 during the day. Over the past week, the stock has risen by 2.75%, and over the past month, it has increased by 5.99%. However, the company has reported operating losses and negative results for the last three consecutive quarters, which raises concerns about its long-term fundamental strength and ability to service debt, as indicated by a high Debt to EBITDA ratio of 3.95 times.
In the broader market context, while Kesar Enterprises has shown some short-term recovery, it has significantly underperformed the benchmark Sensex over the past year, which has gained 1.98% compared to the stock's decline of 51.99%. The stock's performance today contrasts with the overall market trend, as it has managed to gain despite the Sensex's slight decline of 0.06% over the past week. This indicates that while there may be some positive momentum in the short term, the long-term outlook remains challenging due to the company's financial difficulties and negative EBITDA, which could deter investors in the future.