Why is NACL Industries falling/rising?

As of 01-Jul, NACL Industries Ltd is experiencing a price increase, currently at Rs. 229.05, which reflects a rise of 10.9 or 5.0%. The stock has reached a new 52-week and all-time high today, and it has been on an upward trend for the last eight days, accumulating a total return of 29.59% during this period. Additionally, the stock has outperformed its sector by 3.95% today and is trading above all its moving averages. Despite this positive momentum, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio of 12.51 times, which indicates a weak long-term fundamental strength. Furthermore, the company has reported negative results for the last two consecutive quarters, leading to concerns about its profitability and ability to service debt.
In the broader market context, NACL Industries has significantly outperformed the benchmark Sensex, with a year-to-date return of 243.20% compared to the Sensex's 7.11%. Over the past week and month, the stock has also shown strong performance, gaining 27.25% and 28.90%, respectively, while the Sensex has only increased by 2.00% and 2.76% in the same periods. This stark contrast highlights the stock's strong short-term performance relative to the broader market, despite its underlying financial difficulties and the lack of domestic mutual fund investment, which may indicate a lack of confidence among institutional investors.