Why is Phyto Chem (I) falling/rising?

As of 19-Aug, Phyto Chem (India) Ltd is experiencing a price increase, currently at Rs 28.68, reflecting a rise of 1.32 or 4.82%. Today's performance indicates that the stock has outperformed its sector by 4.29% and has gained after two consecutive days of decline, reaching an intraday high of Rs 29.09. Over the past week, the stock has shown a positive return of 2.43%, while it has generated a modest return of 0.63% over the past month. However, the company faces challenges, including operating losses and a high Debt to EBITDA ratio of 10.65 times, which indicates weak long-term fundamental strength. Despite generating a return of 3.54% over the last year, the company's profitability remains low, with a Return on Equity averaging just 2.71%.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has returned 1.76% over the past week. While Phyto Chem has shown resilience in the near term, its year-to-date performance remains concerning, with a decline of 16.75% compared to the Sensex's gain of 4.49%. The stock's liquidity appears adequate for trading, but falling investor participation, as indicated by a significant drop in delivery volume, raises concerns about sustained interest. Overall, while the stock is currently rising, its long-term outlook is clouded by financial instability and weak profitability metrics.