Why is NB Footwear falling/rising?

As of 10-Jul, NB Footwear Ltd. is experiencing a price increase, currently at 12.16, which reflects a change of 0.57 or 4.92% upward. The stock has shown strong performance recently, outperforming its sector by 2.91% today and achieving a consecutive gain over the last three days with a total return of 13.43% in that period. Over the past year, the stock has generated an impressive return of 85.08%, significantly higher than the broader market's return of 1.46%. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, with high debt levels and flat financial results, which could pose risks to its future performance.
In the broader market context, the stock's short-term performance has been notably strong, with a 19.10% increase over the past week, while the benchmark Sensex has remained nearly flat at -0.06%. This indicates that NB Footwear is currently outperforming the market, which may attract more investor interest despite the underlying concerns regarding its financial health. The leather sector has also seen a gain of 2.03%, contributing to the positive sentiment around NB Footwear. However, the falling investor participation, as evidenced by a significant drop in delivery volume, suggests that caution may be warranted moving forward.