Why is NACL Industries falling/rising?

As of 18-Jul, NACL Industries Ltd is experiencing a price increase, currently at Rs. 301.00, which reflects a rise of 14.3 or 4.99%. The stock has recently hit a new 52-week and all-time high, demonstrating strong performance with a consecutive gain over the last four days, resulting in a total return of 21.52% during this period. Additionally, the stock has outperformed the sector by 5.19% today and has shown impressive long-term returns, including a 349.93% increase over the past year. However, despite these positive movements, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio, which raises concerns about its long-term fundamental strength and profitability.
In the broader market context, NACL Industries has significantly outperformed the benchmark Sensex, with a 1-week return of +16.96% compared to the benchmark's -0.90%. This trend continues over longer periods, with the stock achieving a remarkable +351.00% year-to-date return against the Sensex's +4.63%. Despite these strong returns, the company's negative financial results in recent quarters and low domestic mutual fund participation suggest underlying risks that may affect investor sentiment moving forward.