Why is Saffron Industri falling/rising?

As of 14-Jul, Saffron Industries Ltd is experiencing a price increase, currently at Rs. 18.12, reflecting a change of 0.35 (1.97%) upwards. The stock has been on a strong upward trend, gaining 36.96% over the last eight days and achieving a new 52-week high today. In terms of performance, Saffron Industries has outperformed the sector by 2.42% today and has shown impressive returns of 158.86% year-to-date and 143.22% over the past year. The company has reported positive financial results for the last three consecutive quarters, with the highest PBDIT and PAT figures recorded, which likely contributes to the stock's bullish sentiment. However, it is important to note that the company has a negative book value and a high debt-to-equity ratio, indicating potential long-term risks.
In the broader market context, Saffron Industries has significantly outperformed the Sensex, which has declined by 1.42% over the past week, while the stock itself has surged by 13.46%. This stark contrast highlights the stock's strong performance relative to the benchmark, suggesting that investor confidence in Saffron Industries remains robust despite its underlying financial challenges. The liquidity of the stock is adequate for trading, although there has been a notable decline in delivery volume, which may indicate a shift in investor participation. Overall, while the stock's recent gains are impressive, the long-term fundamental weaknesses could pose risks moving forward.