Why is NACL Industries falling/rising?

As of 27-Jun, NACL Industries Ltd is experiencing a price increase, currently at Rs 207.80, reflecting a rise of 9.85 or 4.98%. The stock has shown strong performance today, outperforming its sector by 3.74% and marking its sixth consecutive day of gains with a total return of 17.57% over this period. Additionally, the stock has demonstrated impressive long-term returns, with a year-to-date increase of 211.36% and a one-year return of 189.42%. However, despite these positive movements, the company is facing significant challenges, including operating losses and a high Debt to EBITDA ratio of 12.51 times, which indicates a weak ability to service its debt. The company has also reported negative results for the last two consecutive quarters, contributing to concerns about its long-term fundamental strength.
In the broader market context, NACL Industries has significantly outperformed the benchmark Sensex, which has only increased by 7.58% year-to-date. The stock's recent performance, with a 17.14% increase over the past week compared to the Sensex's 2.00% rise, highlights its strong short-term momentum. However, the falling investor participation, as indicated by a 63.09% drop in delivery volume against the five-day average, raises concerns about the sustainability of this upward trend. Furthermore, the lack of domestic mutual fund investment in the company suggests that institutional investors may be wary of its valuation or business prospects, which could impact future price movements.