Why is RRP Defense falling/rising?

As of 05-Sep, RRP Defense Ltd's stock price is rising, currently at Rs 429.20, reflecting an increase of 8.4 (2.0%). The stock has reached a new 52-week and all-time high today, having outperformed its sector by 1.47%. It has shown a remarkable performance over the last 21 days, gaining 51.34%, and is trading above all key moving averages. However, despite this strong price movement, the company faces significant challenges, including operating losses and weak long-term fundamentals. The net sales have decreased by 56.66% in the latest six months, and the company's ability to service its debt is concerning, indicated by a poor EBIT to Interest ratio. Additionally, promoter confidence appears to be waning, with a 1.1% reduction in their stake.
In the broader market context, RRP Defense's short-term return of 10.38% over the past week significantly outpaces the Sensex's return of 1.13%. This strong performance relative to the benchmark, combined with the stock's impressive year-to-date return of 2118.09%, suggests that investor sentiment remains positive despite the underlying financial issues. The stock's ability to maintain high returns in the face of operational challenges may indicate speculative trading or investor optimism about future potential, but the declining delivery volume and reduced promoter stake could signal caution among more risk-averse investors.