Why is Shree Mfg. Co. falling/rising?

As of 22-Jul, Shree Manufacturing Company Ltd's stock price is rising, currently at Rs. 19.90, reflecting an increase of 0.94 (4.96%). The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 12 days with a remarkable 78.8% return during this period. It has consistently outperformed the sector by 4.65% today and is trading above all key moving averages. Additionally, the stock has shown strong performance over various time frames, with a year-to-date return of 69.36% and a three-year return of 186.33%. However, it is important to note that the company has a negative book value and high debt levels, which indicate weak long-term fundamental strength despite its recent price gains.
In the broader market context, Shree Manufacturing Company Ltd has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.47% over the past week. The stock's impressive short-term performance, contrasted with the benchmark's negative returns, highlights its strong investor interest and liquidity, as evidenced by a 74.8% increase in delivery volume. While the stock has generated substantial returns, the company's underlying financial challenges, such as negative EBITDA and stagnant operating profits, suggest that investors should remain cautious about its long-term viability.