Why is N K Industries falling/rising?

As of 30-Sep, N K Industries Ltd is experiencing a price increase, currently trading at 78.00, reflecting a rise of 6.5 or 9.09%. The stock has shown strong performance today, outperforming its sector by 5.23% and has gained 20% over the last two days. It opened with a significant gain of 10% and reached an intraday high of Rs 78.65. Over the past week, the stock has increased by 7.59%, and it has generated a remarkable 51.52% return over the past year, significantly outperforming the BSE500 index. However, the company faces challenges, including a negative book value and weak long-term fundamentals, as evidenced by declining net sales and a high debt-to-equity ratio.
In the broader market context, while N K Industries has shown impressive short-term returns, the benchmark Sensex has declined by 2.23% over the past week. The stock's liquidity appears adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 50.15% compared to the five-day average. Despite these concerns, the stock's long-term performance remains strong, having outperformed the benchmark over various periods, including a 344.44% increase over the last five years. This combination of short-term gains and long-term performance, despite underlying risks, contributes to the stock's rising price.