Why is Saffron Industri falling/rising?

As of 26-Aug, Saffron Industries Ltd is experiencing a rise in its stock price, currently at Rs. 31.33, reflecting an increase of 0.61 (1.99%). The stock has reached a new 52-week and all-time high today, and it has outperformed its sector by 6.12%. Over the past week, the stock has gained 10.32%, and in the last month, it has surged by 50.92%. However, despite these positive movements, the company faces challenges such as a negative book value, poor long-term growth with net sales declining at an annual rate of -8.80%, and a high debt-to-equity ratio. These factors contribute to a perception of risk surrounding the stock, despite its recent gains.
In the broader market context, Saffron Industries has significantly outperformed the Sensex, which has declined by 1.05% over the past week and by 0.83% over the past month. The stock's year-to-date return of 347.57% starkly contrasts with the Sensex's modest gain of 3.39%. This divergence indicates strong investor interest in Saffron Industries, particularly as delivery volume has increased by 23.74% against the five-day average, suggesting rising participation. However, the overall performance of the Paper & Paper Products sector has been negative, with a decline of 4.19%, highlighting the stock's relative strength in a challenging market environment.