Why is Shree Mfg. Co. falling/rising?

As of 25-Jul, Shree Manufacturing Company Ltd is experiencing a rise in its stock price, currently at Rs. 23.02, reflecting an increase of 1.09 or 4.97%. The stock has reached a new 52-week high today and has been on a consistent upward trend, gaining 106.83% over the last 15 days. It has outperformed its sector by 5.91% today and is trading above all key moving averages, indicating strong momentum. However, despite these positive movements, the company has a negative book value and high debt levels, which raises concerns about its long-term fundamental strength. The company's recent financial performance has been weak, with flat results reported in March 2025 and a negative EBITDA, suggesting that while the stock is currently rising, there are underlying risks that could affect its sustainability.
In the broader market context, Shree Manufacturing Company Ltd has significantly outperformed the benchmark Sensex over various time frames, including a remarkable 86.70% increase over the past month compared to a decline of 1.56% in the Sensex. This stark contrast highlights the stock's strong performance relative to the market. The company's consistent returns over the last three years further bolster its appeal, as it has outperformed the BSE500 in each of the last three annual periods. However, the overall market sentiment remains cautious due to the company's high debt levels and negative long-term growth indicators, which could temper investor enthusiasm despite the current price rise.