Why is NACL Industries falling/rising?

As of 03-Jul, NACL Industries Ltd's stock price is rising, currently at Rs. 252.50, reflecting an increase of Rs. 12.0 or 4.99%. The stock has been on a positive trajectory, gaining for the last 10 consecutive days and achieving a remarkable 42.86% return during this period. It has also reached a new 52-week and all-time high today. In terms of performance, NACL Industries has significantly outperformed the benchmark Sensex, with a 1-week return of +27.56% compared to the Sensex's -0.62%, and a year-to-date return of +278.33% versus the Sensex's +6.53%. However, despite these impressive short-term gains, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, which may raise concerns about its long-term sustainability.
In the broader market context, while NACL Industries has shown strong short-term performance, the overall market sentiment may be influenced by the company's weak fundamentals, including consecutive negative quarterly results and a low Return on Equity. The stock's liquidity remains adequate, but the significant drop in delivery volume suggests a potential decline in investor participation. Additionally, the absence of domestic mutual fund investment indicates a lack of confidence among institutional investors, which could weigh on future performance. Overall, while the stock is currently rising, the underlying financial issues and market perceptions may pose risks that could affect its trajectory moving forward.