Why is Kothari Ferment. falling/rising?

As of 21-Jul, Kothari Fermentation & Biochem Ltd is currently priced at 68.10, reflecting an increase of 0.41 (0.61%). The stock has shown a positive trend recently, gaining 1.64% over the last two days and outperforming its sector by 1.26% today. In the past week, the stock has risen by 1.79%, while over the past month, it has increased by 10.71%. Despite a year-to-date decline of 9.20%, the company reported strong financial results, including a significant growth in profit before tax and net sales, which may have contributed to the recent price increase. However, the company faces challenges such as a high debt-to-EBITDA ratio and declining promoter confidence, as evidenced by a 0.7% reduction in their stake. In the broader market context, Kothari Fermentation's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has outperformed the benchmark in the short term, it has consistently underperformed over the last three years, generating negative returns compared to the BSE500. This underperformance, combined with weak long-term fundamentals and reduced promoter confidence, suggests that while there may be short-term gains, the stock's long-term outlook remains uncertain.