Why is Scoobee Garments falling/rising?

As of 28-Aug, Scoobee Day Garments India Ltd is experiencing a price increase, currently at Rs 91.65, reflecting a rise of 1.65 (1.83%). Today, the stock has shown a positive trend, gaining after four consecutive days of decline and opening with a 2.56% increase. It reached an intraday high of Rs 93.5, indicating a strong performance today, outperforming its sector by 2.89%. Despite this short-term gain, the stock has seen significant declines over the past week and month, with returns of -12.71% and -18.57%, respectively. Positive factors contributing to the recent movement include a higher profit after tax of Rs 2.36 crore and a notable growth in net sales of 35% compared to the previous four-quarter average. However, the stock's long-term outlook is clouded by high debt levels and weak growth fundamentals, with a debt-equity ratio of 15.92 times.
Broader market context shows that while Scoobee Garments has generated a return of 23.02% over the past year, the broader market, represented by the Sensex, has declined by 2.08%. In the short term, the stock's performance has been significantly worse than the benchmark, with a -12.71% return over the past week compared to the Sensex's -2.34%. This disparity highlights the challenges the company faces, particularly in light of its high debt and poor long-term growth prospects, despite some recent positive financial results. The stock's current rise may be a temporary reaction to recent positive developments, but its overall performance remains under pressure from fundamental weaknesses.