Why is Prem. Synthetic falling/rising?

As of 04-Aug, Premier Synthetics Ltd's stock price is currently at Rs 21.90, reflecting an increase of Rs 2.31 or 11.79%. The stock has shown strong performance today, outperforming its sector by 11.45%. It reached an intraday high of Rs 22, indicating significant upward movement. Over the past week, the stock has gained 14.72%, contrasting sharply with the Sensex, which only increased by 0.16%. However, the company faces challenges, including a weak long-term fundamental strength with a -173.19% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.11, which raises concerns about its ability to service debt. Additionally, the stock has experienced erratic trading, with a notable decline in delivery volume, suggesting falling investor participation.
In the broader market context, while Premier Synthetics has performed well in the short term, its year-to-date return is down by 6.81%, compared to a 3.69% increase in the Sensex. This indicates that despite the recent rise, the stock is still underperforming relative to the broader market over a longer timeframe. The company's negative EBITDA and flat results in net sales and profit after tax further highlight its financial struggles, which may affect investor sentiment moving forward. Overall, while the stock is rising today, the underlying financial weaknesses and market conditions suggest caution for potential investors.