Why is KIOCL falling/rising?

As of 06-Oct, KIOCL Ltd's stock price is rising, currently at 625.00, reflecting an increase of 96.35 (18.23%). The stock has recently hit a new 52-week high of Rs.634.35 and has outperformed its sector by 17.14%. Over the past three days, it has gained 46.56%, and its performance over the last week shows a remarkable increase of 44.34%. However, despite these positive movements, the company faces challenges such as operating losses and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio and negative results for the last six consecutive quarters, which may create uncertainty among investors.
In the broader market context, KIOCL's short-term performance significantly outpaces the benchmark, with a 1-week return of 44.34% compared to the Sensex's 1.77%. This strong performance in both the near and long term, alongside rising investor participation and liquidity, suggests a favorable trading environment for KIOCL. However, the company's weak profitability metrics and low domestic mutual fund holdings may indicate underlying risks that could affect future price movements.