Why is Konark Synth falling/rising?

As of 03-Jul, Konark Synthetic Ltd's stock price is currently at Rs 32.10, reflecting an increase of Rs 1.39 or 4.53%. The stock has shown strong performance today, outperforming its sector by 4.23%. It reached an intraday high of Rs 32.1 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 131.65% compared to the 5-day average. Despite a substantial return of 62.53% over the past year, the company has faced challenges, including a negative profit trend and operating losses, which may impact long-term investor confidence.
In the broader market context, Konark Synthetic Ltd has outperformed the Sensex over the past week, with a return of 15.22% compared to the benchmark's decline of 0.62%. However, the stock's year-to-date performance shows a decline of 8.55%, while the Sensex has gained 6.53%. The company's attractive valuation, trading at a discount to peers, is countered by its weak long-term fundamentals, including a high Debt to EBITDA ratio and low profitability metrics. This combination of strong short-term performance and underlying financial weaknesses creates a complex picture for investors considering the stock's future trajectory.