Why is Saffron Industri falling/rising?

As of 08-Jul, Saffron Industries Ltd is experiencing a rise in its stock price, currently at Rs. 16.76, reflecting an increase of 0.79 or 4.95%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining 26.68% over the last four days. In terms of performance, Saffron Industries has outperformed its sector by 5.14% today. The company has shown impressive returns, with a 1-week increase of 20.40%, a 1-month increase of 76.42%, and a year-to-date return of 139.43%. Positive results over the last three consecutive quarters, including a significant growth in profit after tax and other financial metrics, have contributed to this upward movement. However, it is important to note that the company has a negative book value and high debt levels, which may pose risks to its long-term stability.
In the broader market context, Saffron Industries' recent performance stands in stark contrast to the Sensex, which has only increased by 0.02% over the past week. This significant outperformance highlights the stock's strong momentum in the short term. Despite the positive short-term returns, the company's long-term fundamentals are concerning, with declining net sales and a high debt-to-equity ratio. While the stock has generated substantial returns over the past year, the risks associated with its negative book value and poor long-term growth prospects suggest that investors should remain cautious.