Why is Shree Mfg. Co. falling/rising?

As of 17-Jul, Shree Manufacturing Company Ltd's stock price is currently at Rs. 17.20, reflecting an increase of 0.81 (4.94%). The stock has recently reached a new 52-week high and has been on a positive trajectory, gaining for the last nine consecutive days with a total return of 54.54% during this period. Additionally, the stock has outperformed its sector by 5.17% today and is trading above all key moving averages. Despite these positive indicators, the company faces challenges such as a negative book value and high debt levels, which could impact its long-term growth potential.
In the broader market context, Shree Manufacturing Company Ltd has significantly outperformed the Sensex, with a one-week return of +27.31% compared to the benchmark's -1.12%. Over the past year, the stock has generated a return of 21.90%, while the Sensex has only increased by 1.91%. This stark contrast highlights the stock's strong performance relative to the market, despite underlying concerns regarding its financial health and profitability.