Why is Simbhaoli Sugar falling/rising?

As of 12-Jun, Simbhaoli Sugars Ltd is experiencing a price increase, currently at 19.40, with a change of 0.92, representing a rise of 4.98%. The stock has shown strong performance recently, gaining 22.01% over the last six days and outperforming its sector by 6.8% today. Additionally, the stock has demonstrated impressive returns over the past week and month, with increases of 20.65% and 43.81%, respectively. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, with net sales declining at an annual rate of -0.66% and a high debt-to-equity ratio, which raises concerns about its financial health.
In the broader market context, while Simbhaoli Sugars has outperformed the Sensex in the short term, its year-to-date return of 2.59% lags behind the benchmark's 4.55%. Over the past year, the stock has significantly underperformed, with a return of -37.36% compared to the Sensex's gain of 6.64%. This consistent underperformance against the benchmark over the last three years, coupled with negative financial results and a risky trading profile, suggests that while the stock is currently rising, it faces substantial long-term challenges that could impact its future performance.