Why is Sanghi Industrie falling/rising?

As of 02-Jul, Sanghi Industries Ltd is experiencing a price increase, currently at Rs 66.38, which reflects a rise of 1.38 (2.12%). The stock has shown strong performance recently, gaining 12.83% over the last nine days and outperforming its sector by 0.74% today. However, it opened with a loss of 2.15% and touched an intraday low of Rs 63.6. Despite this volatility, the stock has performed well over the past week and month, with returns of 6.16% and 7.46%, respectively. Nevertheless, the company faces significant challenges, including weak long-term fundamentals, negative operating profits, and a high debt-to-EBITDA ratio, which may deter long-term investors. The stock has underperformed the market over the past year, with a decline of 34.87%, indicating ongoing concerns about its profitability and financial health.
In the broader market context, while Sanghi Industries has outperformed the Sensex in the short term, with a 1-week return of 6.16% compared to the Sensex's 0.79%, the overall sentiment remains cautious due to the company's negative financial results over the last three quarters. The stock's liquidity is adequate for trading, but falling investor participation, as evidenced by a 15.91% drop in delivery volume, raises concerns about sustained interest. Additionally, the low stake held by domestic mutual funds suggests a lack of confidence in the company's future prospects, which could impact its ability to maintain upward momentum despite recent gains.