Why is Prima Industries falling/rising?

As of 22-Sep, Prima Industries Ltd is experiencing a price increase, currently at Rs 28.08, reflecting a rise of 1.33 or 4.97%. The stock has shown impressive performance, gaining 62.12% over the last 11 days and outperforming its sector by 2.07% today. Additionally, it has outperformed the benchmark Sensex significantly over the past week and month, with returns of 27.52% and 47.79%, respectively. However, despite these short-term gains, the company faces challenges such as operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of 0.38 and a low Return on Equity of 4.70%. These factors suggest that while the stock is rising in the short term, its long-term fundamental strength remains questionable.
Broader market context indicates that while the stock has performed well recently, the overall market, represented by the BSE500, has generated negative returns of -3.80% over the past year. This contrast highlights Prima Industries' ability to generate a return of 30.85% in the same period, despite its profits declining by 33%. The stock's recent upward movement is supported by rising investor participation and favorable trading conditions, as it is currently trading above all key moving averages. However, the company's financial instability and negative EBITDA present risks that could affect its future performance, making it essential for investors to consider both the short-term gains and the underlying financial health of the company.