Why is Saffron Industri falling/rising?

As of 12-Aug, Saffron Industries Ltd is experiencing a price increase, currently at Rs. 26.26, reflecting a rise of 0.51 or 1.98%. The stock has hit a new 52-week high today and has shown impressive performance, gaining 26.49% over the last 12 days. In terms of returns, the stock has outperformed the Sensex significantly, with a 1-week return of +10.29% compared to the benchmark's -0.59%, and a year-to-date return of +275.14% versus the Sensex's +2.68%. 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 despite the recent price gains.
In the broader market context, Saffron Industries' strong short-term performance contrasts sharply with the Sensex, which has seen a decline. The stock's recent gains have been notable, particularly in light of its ability to outperform the sector by 2.45% today. However, the falling investor participation, indicated by a 41.38% drop in delivery volume, raises concerns about liquidity and sustained interest in the stock. While the stock has shown remarkable returns over the past year, the high debt levels and poor long-term growth metrics suggest that investors should remain cautious despite the current upward trend.