Why is Sharika Enterpr. falling/rising?

As of 02-Sep, Sharika Enterprises Ltd is experiencing a significant rise in its stock price, currently at Rs 14.89, reflecting an increase of 2.49 (20.08%). Today's performance indicates that the stock opened with a gain of 12.9% and reached an intraday high of Rs 14.89, outperforming its sector by 19.89%. However, despite this positive movement, the stock has shown a decline of 11.32% over the past month and a substantial drop of 36.20% over the last year, alongside a notable decrease in profits by 77.4%. The company is trading at a discount compared to its peers, but it also faces challenges such as operating losses and a high Debt to EBITDA ratio of 6.89 times, indicating weak long-term fundamental strength.
In the broader market context, while the Sensex has seen a slight decline of 0.78% over the past week, Sharika Enterprises has outperformed this benchmark with a return of 21.06% in the same period. This suggests that the stock's recent rise may be driven by short-term trading dynamics rather than strong underlying fundamentals, as indicated by its poor long-term performance and low return on equity. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a 65.22% drop in delivery volume, raises concerns about sustained interest in the stock moving forward.