Why is Prima Industries falling/rising?

As of 30-Sep, Prima Industries Ltd is experiencing a price increase, currently at Rs 37.60, reflecting a rise of 1.79 (5.0%). The stock has shown remarkable performance, gaining 117.09% over the last 17 days and outperforming its sector by 1.14% today. It opened with a 5% gain and reached an intraday high of Rs 37.60. Over the past week, the stock has surged by 27.54%, and it has also outperformed the benchmark Sensex significantly over various periods, including an 88.00% increase over the last month. However, despite these positive movements, 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 underlying weaknesses that could impact long-term performance.
In the broader market context, while Prima Industries has shown strong short-term returns, the Sensex has declined by 2.23% over the past week, highlighting the stock's relative strength in a weak market. The stock's performance has been bolstered by a favorable sector movement, as the Solvent Extraction sector gained 3.84%. However, there is a concerning drop in investor participation, with delivery volume falling by 96.59% against the 5-day average, which may indicate a lack of confidence among investors despite the stock's recent gains. Overall, while Prima Industries is rising in price, its long-term fundamentals and recent operational challenges present a mixed outlook.