Why is Saffron Industri falling/rising?

As of 01-Aug, Saffron Industries Ltd is experiencing a price increase, currently at Rs. 22.90, reflecting a change of 0.44 or 1.96% upwards. The stock has recently hit a new 52-week high and has shown strong performance, gaining 10.31% over the past week and 64.51% over the past month. Despite a significant drop in delivery volume, which fell by 81.44% against the 5-day average, the stock has outperformed its sector by 2.94% today. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, with net sales declining at an annual rate of -8.80% over the last five years, which could pose risks to its future performance.
In the broader market context, Saffron Industries has significantly outperformed the Sensex, which has declined by 1.06% over the past week, while Saffron's returns have been robust at 10.31%. This trend of outperformance is consistent over longer periods, with the stock achieving a remarkable 227.14% return year-to-date compared to the Sensex's modest 3.15%. Despite these positive short-term movements, the company's high debt levels and poor long-term growth metrics suggest that investors should remain cautious, as the stock's current performance may not be sustainable in the long run.