Why is Madhusudan Inds. falling/rising?

As of 18-Jul, Madhusudan Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 46.49, reflecting an increase of Rs 7.28 or 18.57%. The stock has outperformed its sector by 18.8% today, opening with a gain of 2.32% and reaching an intraday high of Rs 47.19. Over the past week, the stock has shown a return of +12.29%, while in the last month, it has increased by +13.45%. However, despite this recent upward movement, the company has faced challenges, including a weak long-term fundamental strength with a low CAGR growth in operating profits and a negative EBIT to interest ratio, indicating difficulties in servicing its debt. Additionally, the stock has underperformed over the past year with a return of -21.04%, highlighting the volatility and risks associated with its financial performance.
In the broader market context, while the Sensex has shown a slight decline of -0.90% over the past week, Madhusudan Industries Ltd's short-term performance stands in stark contrast, showcasing a robust increase. This divergence suggests that the stock's recent rise may be driven by specific investor sentiment or market dynamics rather than overall market trends. Despite the positive short-term movements, the company's long-term outlook remains concerning due to its negative EBITDA and reliance on non-operating income, which constitutes a significant portion of its profit before tax. This combination of factors indicates that while the stock is currently rising, underlying financial weaknesses could pose risks for future performance.