Why is Shekhawati Inds falling/rising?

As of 04-Jul, Shekhawati Industries Ltd is experiencing a price increase, currently at 25.99, reflecting a change of 0.71 or 2.81% upward. The stock has shown strong performance recently, gaining 10.55% over the last four days and outperforming its sector by 1.99% today. Over the past year, the stock has generated an impressive return of 422.94%, significantly higher than the market's return of 2.13%. However, it is important to note that despite this strong performance, the company has faced challenges, including a 62.1% decline in profits and a high Debt to EBITDA ratio of -1.00 times, indicating weak long-term fundamental strength.
In the broader market context, while Shekhawati Industries has outperformed the benchmark with a 1-week return of +8.74% compared to the Sensex's -0.74%, it has underperformed on a year-to-date basis with a decline of 14.03% against the Sensex's gain of 6.77%. The recent increase in stock price can be attributed to rising promoter confidence, as they have increased their stake by 4.35%, signaling optimism about the company's future. Despite the positive sentiment, the company has reported negative results in recent quarters, including a significant drop in net sales, which may temper investor enthusiasm moving forward.