Why is Konark Synth falling/rising?

As of 14-Jul, Konark Synthetic Ltd's stock price is rising, currently at Rs 33.20, reflecting an increase of Rs 1.21 or 3.78%. The stock has shown strong performance today, outperforming its sector by 4.3%, and reached an intraday high of Rs 33.58, which is a 4.97% increase. Over the past week, the stock has gained 3.43%, and in the last month, it has surged by 18.02%. Despite a year-to-date decline of 5.41%, the stock has generated a remarkable return of 51.05% over the past year and has outperformed the BSE500 index over various time frames. The stock is trading above all key moving averages, indicating positive momentum, and there has been a significant increase in investor participation, with delivery volume rising by over 521% compared to the 5-day average.
In the broader market context, while the Sensex has declined by 1.42% over the past week, Konark Synthetic Ltd's positive short-term performance stands in stark contrast. The company has attractive valuations, trading at a discount compared to its peers, but it faces challenges such as operating losses and a high Debt to EBITDA ratio, which may raise concerns about its long-term fundamental strength. Despite these negatives, the stock's recent upward movement can be attributed to its strong historical returns and improved liquidity, suggesting that investor sentiment remains relatively optimistic in the short term.