Why is Loyal Textile falling/rising?

As of 14-Jul, Loyal Textile Mills Ltd is experiencing a price increase, with its current price at Rs 338.80, reflecting a rise of 16.1 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.51% and achieving a consecutive gain over the last two days with a total return of 10.23%. Despite this positive movement, the company has declared negative results for the last seven consecutive quarters, with a significant operating loss and a high Debt to EBITDA ratio of 8.51 times, indicating weak long-term fundamental strength. The stock has also underperformed against benchmarks over the past year and three years, generating a return of -39.56% in the last year.
In the broader market context, the stock's short-term return of +17.60% over the past week contrasts sharply with the Sensex, which has declined by 1.42% during the same period. This indicates that while Loyal Textile Mills Ltd is gaining traction in the short term, it has consistently underperformed against the broader market over longer time frames, including a year-to-date return of -0.70% compared to the Sensex's +5.27%. The rising investor participation, as evidenced by a significant increase in delivery volume, may suggest a growing interest despite the company's ongoing financial challenges.