Why is Salona Cotspin falling/rising?

As of 30-Sep, Salona Cotspin Ltd. has experienced a price increase, currently trading at 250.25, reflecting a rise of 5.8 or 2.37%. The stock has been gaining momentum over the last three days, with a total return of 3.39% during this period. Today, it outperformed its sector by 2.51%, reaching an intraday high of Rs 286.35, which is a significant increase of 17.14%. However, despite this positive movement, the stock has shown a year-to-date decline of 9.59% and a one-year drop of 13.80%, indicating a longer-term underperformance. The company has a high debt-to-equity ratio of 2.35, which raises concerns about its financial stability, while its net sales have decreased by 5.1% in the most recent quarter. Despite these challenges, the company has demonstrated high management efficiency and healthy long-term growth in net sales, which could support its recent price increase.
In the broader market context, Salona Cotspin's short-term performance contrasts with the benchmark, as it has gained 1.25% over the past week while the Sensex has declined by 2.23%. This indicates that the stock is currently outperforming the market in the short term, despite its longer-term struggles. The stock's volatility today, with an intraday fluctuation of 6.93%, suggests that investor sentiment may be mixed, influenced by both its recent gains and ongoing concerns about its financial health. Overall, while the stock is experiencing a rise in price, the underlying factors such as high debt and declining sales could pose risks for sustained growth.