Why is NACL Industries falling/rising?

As of 30-Jun, NACL Industries Ltd is experiencing a price increase, currently at Rs 218.15, which reflects a rise of Rs 10.35 or 4.98%. The stock has shown strong performance recently, gaining 23.42% over the last seven days and outperforming its sector by 3.69% today. It is also close to its 52-week high, just 0.89% away from Rs 220.1. Over the past year, the stock has generated impressive returns of 195.80%, significantly outperforming the BSE 500 index. However, despite these positive movements, the company faces challenges such as operating losses and a high Debt to EBITDA ratio of 12.51 times, which indicates weak long-term fundamental strength and low profitability.
In the broader market context, NACL Industries has outperformed the Sensex, which has only risen by 2.09% over the past week, while NACL's stock has surged by 22.87% in the same period. This stark contrast highlights the stock's strong short-term performance relative to the benchmark. Despite the positive price movements, the company has declared negative results for the last two consecutive quarters, with a significant drop in profit after tax and a negative return on capital employed, which may deter long-term investors. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a cautious sentiment among institutional investors regarding the stock's valuation and business outlook.