Why is Rapicut Carbides falling/rising?

As of 01-Jul, Rapicut Carbides Ltd is experiencing a significant rise in its stock price, currently at Rs 106.56, reflecting an increase of Rs 17.76 or 20.0%. The stock has shown strong performance today, outperforming its sector by 20.69%, and has gained 44% over the last two days. It opened with a gain of 10.25% and reached an intraday high of Rs 106.56. Additionally, the stock has demonstrated impressive returns over the past week and month, with increases of 38.57% and 56.66%, respectively. However, it is important to note that the company has reported negative results for the last four consecutive quarters, with a significant decline in operating profits and a negative EBITDA, which raises concerns about its long-term fundamental strength.
In the broader market context, while Rapicut Carbides has outperformed the Sensex significantly in the short term, with a 1-week return of 38.57% compared to the Sensex's 2.00%, its year-to-date performance of 3.96% lags behind the Sensex's 7.11%. This disparity highlights the stock's volatility and the potential risks associated with its weak financial fundamentals, including a poor EBIT to Interest ratio and low profitability per unit of shareholders' funds. Despite the recent price surge, the underlying financial challenges may pose risks for investors considering the stock's long-term viability.