Why is Saffron Industri falling/rising?

As of 23-Jul, Saffron Industries Ltd is experiencing a price increase, currently at Rs. 20.77, which reflects a rise of 0.4 or 1.96%. The stock has reached a new 52-week high today and has shown strong performance, gaining 56.99% over the last 15 days. Additionally, it has outperformed its sector by 1.98%. The company has reported positive results for the last three consecutive quarters, with significant growth in profit after tax and operating profit, contributing to its impressive year-to-date return of 196.71% and a one-year return of 158.66%. However, it is important to note that the company has a negative book value and a high debt-to-equity ratio, indicating some underlying financial risks.
In the broader market context, Saffron Industries has significantly outperformed the Sensex, which has only increased by 0.11% over the past week, while Saffron's stock rose by 10.24% in the same period. This stark contrast highlights the stock's strong short-term performance relative to the benchmark. Despite the positive momentum, the stock's liquidity has decreased, with delivery volume falling by 78.62% against the five-day average, which could indicate a potential concern for future trading activity. Overall, while the stock is currently rising due to strong recent performance and positive financial results, the long-term risks associated with its negative book value and high debt levels remain a critical factor for investors to consider.