Why is Saffron Industri falling/rising?

As of 13-Aug, Saffron Industries Ltd is experiencing a price increase, with its current price at Rs. 26.78, reflecting a rise of 0.52 (1.98%). The stock has reached a new 52-week high today and has been on an upward trend, gaining for the last 13 days with a total return of 29% during this period. Over the past week, the stock has outperformed the sector by 1.09%, and it has shown impressive returns of 50.70% over the last month and 282.57% year-to-date. However, despite this strong performance, the company has a negative book value and poor long-term growth indicators, including a decline in net sales and operating profit over the last five years, which raises concerns about its fundamental strength.
In the broader market context, Saffron Industries' short-term performance stands in stark contrast to the Sensex, which has remained nearly flat with a change of -0.01% over the past week. While the stock has significantly outperformed the benchmark in both the short and long term, the high debt levels and negative book value present risks that could affect future performance. The stock's liquidity remains adequate for trading, but a notable decline in delivery volume suggests a potential decrease in investor participation, which could impact its upward momentum moving forward.