Why is Kesar Enterprise falling/rising?

As of 22-Jul, Kesar Enterprises Ltd is experiencing a significant rise in its stock price, currently at Rs 94.36, reflecting an increase of Rs 13.7 or 16.98%. The stock has shown strong performance today, outperforming its sector by 16.6% and achieving a consecutive gain over the last two days with a total return of 21.6%. It opened with a gain of 4.64% and reached an intraday high of Rs 94.36. However, despite this positive movement, the company faces challenges, including operating losses and a high Debt to EBITDA ratio of 3.95 times, which indicates a weak long-term fundamental strength. The company has reported negative results for the last three consecutive quarters, with a significant decline in net sales and profits, which has contributed to its overall negative performance over the past year.
In the broader market context, Kesar Enterprises has outperformed the benchmark Sensex in the short term, with a 1-week return of +12.35% compared to the Sensex's -0.47%. However, the stock has underperformed significantly over the longer term, with a year-to-date decline of -29.13% against the Sensex's +5.18%. This stark contrast highlights the stock's volatility and the risks associated with its current trading position, especially given its historical underperformance and the negative trends in its financial results.