Why is Saffron Industri falling/rising?

As of 25-Jul, Saffron Industries Ltd is currently priced at Rs 20.76, reflecting a decrease of Rs 0.42 or 1.98%. The stock has recently experienced a trend reversal, falling after 16 consecutive days of gains. Despite this decline, the stock has performed exceptionally well over various periods, with a 63.98% increase over the past month and a remarkable 196.57% year-to-date return. The company has reported positive results for the last three consecutive quarters, with significant growth in profit after tax and operating income. However, it also faces challenges, including a negative book value and high debt levels, which contribute to its perceived long-term risk.
In the broader market context, Saffron Industries has outperformed the Sensex, which has seen a decline of 0.36% over the past week, while the stock itself has risen by 5.97%. This indicates that, despite its recent price drop, the stock has been performing well compared to the benchmark in the short term. The liquidity of the stock remains strong, with a significant increase in delivery volume, suggesting continued investor interest. However, the company's weak long-term fundamentals and high debt levels may be causing some caution among investors, leading to the recent price decline.