Why is NACL Industries falling/rising?

As of 29-Jul, NACL Industries Ltd's stock price is rising, currently at Rs 291.75, reflecting an increase of Rs 18.25 or 6.67%. The stock has shown a trend reversal today, gaining after four consecutive days of decline. It opened with a significant gap up and has maintained this price throughout the trading session. Over the past month, the stock has generated a remarkable return of 40.40%, significantly outperforming the Sensex, which has declined by 3.24%. However, despite this positive short-term performance, the company faces challenges such as weak long-term fundamental strength, with a -219.48% CAGR growth in operating profits over the last five years and a negative EBITDA, indicating potential risks for investors.
In the broader market context, while NACL Industries has outperformed the Sensex in the short term, it is important to note that the stock's recent performance has been buoyed by increasing participation from institutional investors, who have raised their stakes by 1.65% in the last quarter. This suggests a level of confidence in the company's potential despite its underlying financial weaknesses. The Pesticides & Agrochemicals sector, in which NACL operates, has also seen a gain of 2.02%, contributing to the stock's upward movement. However, the falling investor participation, as indicated by a significant drop in delivery volume, raises concerns about the sustainability of this price increase.