Why is Sheshadri Indus. falling/rising?

As of 03-Jul, Sheshadri Industries Ltd is experiencing a price increase, currently at Rs 22.22, reflecting a rise of 1.05 or 4.96%. The stock has shown strong performance today, outperforming its sector by 4.66% and marking its fourth consecutive day of gains, with a total return of 21.42% over this period. Additionally, the stock has opened with a gap up of 4.96% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported positive results for the last three consecutive quarters, with net sales growing by 38.63% and a significant increase in profit after tax, contributing to its strong year-to-date return of 54.95% compared to the benchmark's 6.53%. 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 performance.
In the broader market context, Sheshadri Industries Ltd has outperformed the benchmark index, the Sensex, significantly in the short term, with a 1-week return of 15.49% compared to the Sensex's decline of 0.62%. Despite a slight decline of 0.36% over the past month, the stock's impressive one-year return of 69.49% stands in stark contrast to the Sensex's modest gain of 4.07%. This strong performance may be attributed to the company's recent positive financial results, although concerns regarding its long-term fundamental strength and high debt levels could impact investor sentiment moving forward.