Why is Loyal Textile falling/rising?

As of 08-Sep, Loyal Textile Mills Ltd is experiencing a price increase, currently at Rs 316.00, reflecting a rise of Rs 10.0 or 3.27%. Today's price summary indicates that the stock outperformed its sector by 2.23%, opened with a gain of 3.76%, and reached an intraday high of Rs 317.5. However, despite this positive movement, the stock has shown significant underperformance over the past month and year, with returns of -13.34% and -44.99%, respectively. The company has faced ongoing challenges, including operating losses and a high Debt to EBITDA ratio of 8.51 times, which indicates a low ability to service debt. Additionally, the company has reported negative results for the last eight consecutive quarters, further contributing to its weak long-term fundamental strength.
In the broader market context, the stock's short-term performance of +0.32% over the past week is slightly below the benchmark Sensex, which has gained +0.53%. This underperformance is consistent with the company's longer-term trend, where it has consistently lagged behind the benchmark over the last three years. Despite the recent uptick in price, the overall financial health of Loyal Textile Mills Ltd remains precarious, with a significant decline in profitability and negative EBITDA, making it a risky investment compared to its historical valuations.