Why is NACL Industries falling/rising?

As of 17-Jul, NACL Industries Ltd is experiencing a rise in its stock price, currently at Rs 286.70, reflecting an increase of 13.65 or 5.0%. The stock has recently hit a new 52-week and all-time high, outperforming its sector by 3.53%. Over the past three days, it has gained 15.74%, and its performance over the last month shows a remarkable increase of 62.11%. However, despite these positive movements, the company has reported operating losses and a high Debt to EBITDA ratio of 12.51 times, indicating weak long-term fundamental strength. Additionally, the company has declared negative results for the last two consecutive quarters, which may contribute to investor caution despite the stock's recent gains.
In the broader market context, NACL Industries has significantly outperformed the Sensex, which has seen a decline of 1.12% over the past week while NACL has surged by 16.54%. This stark contrast highlights the stock's strong performance relative to the benchmark. However, the falling investor participation, with a notable decrease in delivery volume, raises concerns about the sustainability of this upward trend. The lack of domestic mutual fund investment, which stands at 0%, may also reflect a lack of confidence in the company's long-term prospects despite its recent price rise.