Why is N K Industries falling/rising?

As of 16-Sep, N K Industries Ltd is currently priced at 81.90, experiencing a slight increase of 0.03 (0.04%). The stock has shown strong performance recently, gaining 21.03% over the last three days, although it underperformed its sector by 3.72% today. It is trading above all key moving averages, indicating positive momentum. Over the past year, the stock has generated a remarkable return of 53.23%, significantly outperforming the BSE500 index over various time frames, including a 95.00% increase over three years. However, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which could impact investor sentiment.
In the broader market context, N K Industries' short-term return of 17.08% over the past week stands in stark contrast to the Sensex's modest increase of 1.58%, highlighting its strong relative performance. Despite the positive short-term trends, the company's weak long-term fundamentals, including a negative EBITDA and declining net sales, suggest that the stock may be trading at risky valuations. This combination of strong recent performance and underlying financial weaknesses creates a complex picture for investors, balancing short-term gains against long-term risks.