Why is Nivaka Fashions falling/rising?

As of 21-Jul, Nivaka Fashions Ltd is experiencing a significant rise in its stock price, currently at 4.48, with a change of 0.74, representing a 19.79% increase. The stock has been on an upward trend, gaining 26.2% over the past week and outperforming its sector by 19.26% today. Additionally, it is trading above all its moving averages, indicating strong short-term momentum. However, despite these positive indicators, the company faces challenges such as a weak long-term fundamental strength, with a -38.93% CAGR growth in net sales over the last five years and negative operating profits, which may pose risks to its future performance.
In the broader market context, Nivaka Fashions has significantly outperformed the Sensex, which has shown a slight decline of 0.06% over the past week. While the stock has generated a return of 10.34% over the past year, its profitability has been low, with an average return on equity of only 2.36%. This juxtaposition of strong short-term performance against a backdrop of weak long-term fundamentals suggests that while the stock is currently rising, there are underlying risks that investors should consider.