Why is NACL Industries falling/rising?

As of 04-Jul, NACL Industries Ltd's stock price is rising, currently at Rs. 265.00, reflecting an increase of Rs. 12.5 or 4.95%. The stock has recently reached a new 52-week and all-time high of Rs. 265.1, and it has shown strong performance, gaining 49.93% over the last 11 days. In terms of returns, the stock has outperformed the benchmark Sensex significantly, with a 1-week return of +27.53% compared to the Sensex's -0.74%, and a year-to-date return of +297.06% against the Sensex's +6.77%. However, despite these impressive short-term gains, the company is facing challenges, including operating losses and a high Debt to EBITDA ratio of 12.51 times, which raises concerns about its long-term fundamental strength.
Broader Market Context: The broader market context shows that while NACL Industries has been performing exceptionally well in the short term, the overall market, represented by the Sensex, has not followed suit, indicating a divergence in performance. The stock's ability to generate substantial returns over the past year, despite recent negative results and a low Return on Equity, suggests that investor sentiment may be driven more by short-term momentum rather than long-term fundamentals. Additionally, the lack of domestic mutual fund investment in the company could indicate a cautious outlook from institutional investors, further complicating the stock's position in the market.