Why is KMG Milk Food falling/rising?

As of 13-Aug, KMG Milk Food Ltd's stock price is currently at 48.00, reflecting an increase of 0.9, or 1.91%. The stock has shown a strong performance in the long term, with a year-to-date return of 41.63% and a one-year return of 43.54%, significantly outperforming the BSE500 index. However, the stock has experienced erratic trading, not trading on 4 out of the last 20 days, and while it is currently above its 20, 50, 100, and 200-day moving averages, it is below its 5-day moving average. Despite the positive short-term performance, the company faces challenges, including a negative book value and weak long-term fundamental strength, which may contribute to investor caution.
In the broader market context, KMG Milk Food's recent performance has outpaced the benchmark, as it has outperformed the sector by 2.15% today. However, the stock's performance over the past month shows a decline of 4.93%, while the Sensex has decreased by only 0.01%. This indicates that while the stock has had a strong year overall, its recent short-term performance has been less favorable compared to the broader market. The company's high debt levels and negative EBITDA further complicate its outlook, suggesting that while the stock may be rising in the short term, underlying financial issues could pose risks for future performance.