Why is KIOCL falling/rising?

As of 05-Sep, KIOCL Ltd's stock price is rising, currently at 452.30, reflecting an increase of 14.75 or 3.37%. The stock has shown strong performance today, outperforming its sector by 2.21% and reaching an intraday high of Rs 456.5, which is a 4.33% increase. Over the past week, KIOCL has gained 10.87%, and over the last month, it has risen by 14.29%. However, despite these positive movements, the company faces challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio and negative results over the last six quarters. The stock's profitability is low, with a return on equity of only 5.96%, and it has experienced a significant decline in net sales and profit after tax.
In the broader market context, KIOCL's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.13% over the past week. While KIOCL's returns have been consistent over the last three years, outperforming the BSE500, the company’s weak fundamentals and low mutual fund ownership suggest caution among investors. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a decrease in delivery volume, may indicate underlying concerns despite the recent price rise.