Why is New Light Appare falling/rising?

As of 21-Jul, New Light Apparels Ltd's stock price is rising, currently at 2.08, reflecting an increase of 0.08 or 4.0%. The stock has shown strong performance recently, with an 8.9% return over the last two days and a 13.66% increase over the past week, significantly outperforming the Sensex, which has remained nearly flat at -0.06%. The company has reported positive results for the last six consecutive quarters, with notable metrics such as a highest ROCE of 7.06% and an impressive inventory turnover ratio of 6.16 times. However, despite these positive indicators, the stock has experienced a substantial decline of 36.99% over the past year, indicating underlying weaknesses in long-term growth and debt servicing capabilities. In the broader market context, while New Light Apparels has outperformed the Sensex in the short term, the stock's long-term performance remains concerning, as it has underperformed relative to the BSE500 over the past three years. The stock's recent gains come amid a backdrop of falling investor participation, with a significant drop in delivery volume. Although the stock is trading at a discount compared to its peers, the overall weak long-term fundamentals, including a low average ROCE and poor sales growth, suggest that the recent price increase may not be sustainable without improvements in the company's financial health.