Why is Salona Cotspin falling/rising?

As of 11-Jul, Salona Cotspin Ltd. is experiencing a rise in its stock price, currently at Rs 282.10, reflecting an increase of Rs 23.15 or 8.94%. The stock has outperformed its sector by 10.46% today and has shown consecutive gains over the last two days, accumulating a total return of 12.39% in that period. Despite some erratic trading patterns, with the stock not trading on one day out of the last 20, it has demonstrated high volatility today, with an intraday volatility of 6.92%. The stock is trading above its moving averages across various time frames, indicating a positive trend. However, it is important to note that while the stock has generated a return of -7.89% over the past year, it has also seen a significant decline in profits by 49.1%, which may be a concern for investors.
In the broader market context, Salona Cotspin's short-term performance contrasts with the Sensex, which has declined by 1.12% over the past week, while the stock has gained 3.45%. This indicates a strong relative performance against the benchmark. The company's high management efficiency, reflected in a return on capital employed (ROCE) of 15.48%, and healthy long-term growth with net sales increasing at an annual rate of 40.29%, contribute positively to its valuation. However, the high debt levels, indicated by a significant debt-to-equity ratio, and negative financial results reported in March, including a substantial drop in profit before tax and profit after tax, present challenges that could impact investor sentiment moving forward.