Why is Kesar Enterprise falling/rising?

As of 23-Jul, Kesar Enterprises Ltd is experiencing a significant rise in its stock price, currently at Rs 113.13, reflecting an increase of 18.77 points or 19.89%. The stock has shown strong performance today, outperforming its sector by 20.49% and gaining 45.79% over the last three days. Additionally, it has opened with a gain of 3.86% and reached an intraday high of Rs 113.13. However, despite these positive movements, the company has reported operating losses and negative results for the last three consecutive quarters, with a high Debt to EBITDA ratio of 3.95 times, indicating a weak long-term fundamental strength. This backdrop of financial instability, including a significant drop in net sales and profits, poses risks that could affect investor sentiment.
In the broader market context, Kesar Enterprises has outperformed the benchmark Sensex in the short term, with a 1-week return of 34.84% compared to the Sensex's 0.11%. However, the stock has underperformed over the longer term, with a year-to-date return of -15.04% against the Sensex's 5.87%. This stark contrast highlights the volatility and risk associated with Kesar Enterprises, as it has generated negative returns over the past year while the broader market has seen modest gains. The combination of short-term gains and long-term financial challenges creates a complex picture for investors considering the stock.