Why is Kesoram Inds. falling/rising?

As of 14-Aug, Kesoram Industries Ltd is experiencing a price increase, currently at 5.42, which reflects a rise of 0.1 or 1.88%. The stock has shown a positive performance today, outperforming its sector by 2.07%, and has been on a consecutive gain streak for the last four days, accumulating a total return of 7.97% during this period. However, despite this recent uptick, the stock has significantly underperformed over the longer term, with a year-to-date decline of 97.51% and a one-year return of -97.32%. The company faces substantial challenges, including operating losses, a high debt-to-equity ratio of 7.87 times, and negative EBITDA, which contribute to its weak long-term fundamental strength and overall risk profile.
In the broader market context, while the stock has gained 5.86% over the past week, the benchmark Sensex has remained nearly flat with a change of -0.03%. This indicates that Kesoram Industries is currently outperforming the market in the short term, despite its significant long-term underperformance. The decline in institutional investor participation, which has decreased by 9.72% over the previous quarter, further underscores the stock's challenges, as these investors typically have more resources to assess the company's fundamentals. Overall, while the recent price movement shows a positive trend, the underlying financial issues and market sentiment suggest caution regarding the stock's future performance.