Why is Saffron Industri falling/rising?

As of 26-Jun, Saffron Industries Ltd is experiencing a price increase, currently at Rs. 13.29, reflecting a rise of 0.63 or 4.98%. The stock has reached a new 52-week high today and has outperformed its sector by 4.64%. Over the last two days, it has gained 21.37%, contributing to a remarkable 107.66% increase over the past month and an impressive 89.86% year-to-date. The company has reported positive financial results for the last three consecutive quarters, with significant increases in PBDIT, PBT, and PAT, which have likely bolstered investor confidence. However, the stock is also facing challenges, including a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamental strength.
In the broader market context, while Saffron Industries has shown exceptional short-term performance, with a 107.66% return over the past month, the benchmark Sensex has only increased by 1.92% in the same period. This stark contrast highlights the stock's strong market-beating performance. Despite the positive short-term returns, the company's long-term growth prospects are concerning due to declining net sales and a negative book value, which may pose risks for investors looking for stability.