Why is Shree Mfg. Co. falling/rising?

As of 28-Jul, Shree Manufacturing Company Ltd's stock price is rising, currently at Rs. 23.48, reflecting an increase of 0.46 or 2.0%. The stock has recently hit a new 52-week high and has been on a consecutive gain streak for the last 16 days, resulting in a remarkable 110.96% return during this period. Additionally, the stock has outperformed its sector by 3.24% today and has shown strong performance over various time frames, including a 90.43% increase over the past month and a 99.83% increase year-to-date. However, it is important to note that the company has a negative book value and a weak long-term fundamental strength, which could pose risks to its valuation despite the recent price surge.
In the broader market context, Shree Manufacturing Company Ltd has significantly outperformed the Sensex, which has declined by 1.59% over the past week while the stock itself has risen by 23.84%. This trend of outperforming the benchmark is consistent across multiple time frames, including a 294.62% increase over three years compared to the Sensex's 42.27%. Despite these impressive returns, the stock's high debt levels and negative EBITDA raise concerns about its long-term sustainability, indicating that while the stock is currently rising, underlying financial weaknesses could impact future performance.