Why is Shree Mfg. Co. falling/rising?

As of 16-Jul, Shree Manufacturing Company Ltd's stock price is rising, currently at Rs. 16.39, reflecting an increase of 0.78 (5.0%). The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last eight days with a total return of 47.26% during this period. It is also outperforming its sector by 3.88%. In terms of performance relative to benchmarks, the stock has shown impressive returns, with a 39.49% increase year-to-date and a 153.32% rise over three years, significantly surpassing the Sensex's performance in the same time frames. However, it is important to note that the company has a negative book value and high debt levels, which could pose risks to its long-term growth potential.
In the broader market context, Shree Manufacturing Company Ltd's short-term performance stands in stark contrast to the Sensex, which has declined by 1.08% over the past week while the stock has surged by 27.35%. This divergence indicates strong investor interest and confidence in the company despite its underlying financial challenges. The rising investor participation, evidenced by a 104.79% increase in delivery volume, further supports the stock's upward movement. However, the company's weak long-term fundamentals, including negative EBITDA and flat sales growth, suggest caution for potential investors looking at the stock's sustainability in the long run.