Why is Nivaka Fashions falling/rising?

As of 05-Sep, Nivaka Fashions Ltd is experiencing a price increase, currently at 4.86, reflecting a rise of 0.23 or 4.97%. The stock has shown strong performance recently, gaining 17.68% over the last four days and outperforming its sector by 4.44% today. It has also demonstrated impressive returns over various periods, including a 28.23% increase over the past month and a 30.65% rise year-to-date, despite the company's operating losses and weak long-term fundamental strength. The stock's performance is further supported by rising investor participation, with a significant increase in delivery volume, indicating growing interest among investors. In the broader market context, while the BSE500 index has generated negative returns of -4.41% over the past year, Nivaka Fashions has managed to achieve a positive return of 26.56%, highlighting its market-beating performance. However, it is important to note that the company faces challenges, including weak profitability and negative operating profits, which could pose risks to its future performance. Despite these concerns, the stock's recent upward movement can be attributed to its strong short-term returns compared to the benchmark, as well as increased trading activity, suggesting a favorable sentiment among investors.