Why is Sanginita Chemi. falling/rising?

As of 07-Nov, Sanginita Chemicals Ltd is experiencing a price increase, currently trading at 10.92, which reflects a rise of 0.25 or 2.34%. The stock has shown strong performance today, outperforming its sector by 2.3%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-to-date decline of 29.64% and a one-year drop of 30.89%, the stock has gained 8.12% over the past week and 7.69% over the past month. However, the company has faced significant challenges, including a high Debt to EBITDA ratio and a substantial decline in profits, which may weigh on investor sentiment.
In the broader market context, while Sanginita Chemicals has outperformed the sector recently, it has underperformed the benchmark index, the Sensex, over the past year, which has seen a gain of 5.34%. The stock's recent rise could be attributed to increased investor participation, as evidenced by a 39.81% rise in delivery volume compared to the 5-day average. Nonetheless, the overall negative sentiment surrounding the company's long-term fundamentals, including a significant decrease in promoter confidence and weak operating profit growth, suggests that while there may be short-term gains, the stock faces ongoing challenges that could impact its future performance.