Why is Sheshadri Indus. falling/rising?

As of 02-Jul, Sheshadri Industries Ltd is experiencing a rise in its stock price, currently at Rs 21.17, reflecting an increase of 1.0 (4.96%). The stock has shown strong performance today, outperforming its sector by 4.74% and achieving a consecutive gain over the last three days with a total return of 15.68%. It opened with a gain of 4.96% and reached an intraday high of Rs 21.17. The stock has also demonstrated positive momentum with a significant increase in delivery volume, which rose by 954.36% compared to the five-day average. Over the past year, the stock has generated a return of 51.32%, significantly outperforming the broader market, which saw a return of only 3.11%. However, it is important to note that the company has a negative book value and high debt levels, which may pose risks to its long-term growth potential.
In the broader market context, Sheshadri Industries Ltd's short-term return of 4.54% over the past week is notably higher than the Sensex's return of 0.79% during the same period. This indicates that the stock is currently gaining traction among investors, likely driven by the company's positive financial results over the last three quarters, including a 38.63% growth in net sales and a significant increase in profit after tax. Despite these positive indicators, the company's weak long-term fundamentals and high debt levels may create caution among investors regarding its sustainability in the long run.