Why is Krishna Vent. falling/rising?

As of 30-Jun, Krishna Ventures Ltd is experiencing a price increase, currently at 18.28, reflecting a change of 0.87 or 5.0% upward. The stock has shown a strong performance today, outperforming its sector by 4.61% and achieving consecutive gains over the last six days, resulting in a total return of 27.48% during this period. However, despite this short-term rise, the stock has faced significant challenges, with a year-to-date decline of 70.20% and a staggering 79.52% drop over the past year. The company's fundamentals are weak, highlighted by negative operating profits and a poor ability to service its debt, which raises concerns about its long-term viability. Additionally, a reduction in promoter confidence, with a 1.3% decrease in their stake, further complicates the outlook for the stock.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 7.00% year-to-date. While Krishna Ventures Ltd has outperformed the sector in the short term, its long-term performance remains concerning, as it has underperformed the BSE 500 over the last three years, one year, and three months. The stark difference in returns indicates that, despite recent gains, the stock is still struggling significantly compared to the overall market, reflecting a challenging environment for investors considering its weak fundamentals and declining promoter confidence.