Why is Saffron Industri falling/rising?

As of 04-Aug, Saffron Industries Ltd is experiencing a price increase, with the current price at Rs. 23.35, reflecting a change of 0.45 or 1.97% upward. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last six days, yielding a total return of 12.48% during this period. In terms of performance, Saffron Industries has outperformed the sector by 1.69% today and has shown impressive returns over various periods, including a 173.10% increase over the past year and a staggering 370.77% over three years. However, the company faces challenges such as a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -8.80% over the last five years, which could pose risks to its valuation.
Broader market context indicates that while Saffron Industries has significantly outperformed the benchmark Sensex in the short term, with a 10.30% return over the past week compared to the Sensex's mere 0.16%, the overall market sentiment remains mixed. The stock's liquidity is adequate for trading, but there has been a notable decline in investor participation, with delivery volume dropping by 90.93% against the five-day average. This decline in participation, coupled with the company's high debt levels and flat recent financial results, suggests that while the stock is currently rising, underlying concerns about its long-term growth and financial health may temper future performance.