Why is NACL Industries falling/rising?

As of 20-Aug, NACL Industries Ltd's stock price is rising, currently at Rs 257.35, reflecting an increase of Rs 12.35 or 5.04%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and today it outperformed its sector by 4.3%. The stock reached an intraday high of Rs 257.35, while the day’s low was Rs 235.45. Despite a negative performance over the past week and month, with declines of 7.34% and 14.50% respectively, the stock has generated impressive returns year-to-date at 285.60% and over the past year at 333.98%. Positive factors contributing to the recent rise include increased participation from institutional investors, who have raised their stake by 1.65%, and the stock's strong long-term performance compared to benchmarks. However, concerns remain regarding the company's weak long-term fundamentals, including a significant decline in operating profits and a high debt-to-EBITDA ratio.
In the broader market context, while NACL Industries has outperformed the BSE Sensex significantly over the long term, its short-term performance has been less favorable, with a 1-week decline compared to the Sensex's increase of 1.64%. The stock's recent rise may be attributed to a combination of increased investor participation and a recovery from previous losses, despite the underlying risks associated with its financial health. The liquidity of the stock remains adequate for trading, which may also support its price movement.