Why is Nitco falling/rising?

As of 14-Jul, Nitco Ltd's stock price is currently at Rs 149.65, reflecting an increase of Rs 2.7 or 1.84%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.78%. It outperformed its sector by 1.44% today and reached an intraday high of Rs 152. However, it also experienced a low of Rs 143.5 during the day. Over the past month, the stock has increased by 11.80%, and it has generated impressive returns of 107.82% over the past year. Despite this strong performance, the company faces significant challenges, including operating losses and a high debt-to-EBITDA ratio, which contribute to concerns about its long-term growth potential.
Broader Market Context: In the context of the broader market, Nitco's recent performance has been notably strong compared to the Sensex, which has only increased by 1.40% over the past month. While the stock has outperformed the benchmark in the short term, it is important to note that it has also seen a decline of 2.57% over the past week, contrasting with the Sensex's decline of 1.42%. The stock's high levels of pledged promoter shares and negative EBITDA present additional risks that could impact investor sentiment and future performance.