Why is Simbhaoli Sugar falling/rising?

As of 03-Sep, Simbhaoli Sugars Ltd is experiencing a price increase, currently at 15.25, reflecting a change of 0.4 or 2.69% upward. The stock has shown a positive performance today, outperforming its sector by 2.24%, and has been on a gaining streak for the last three days, accumulating a total return of 7.93% during this period. However, despite this short-term gain, the stock has underperformed over longer periods, with a year-to-date decline of 19.35% and a significant drop of 44.26% over the past year. The company is facing challenges, including a negative book value and weak long-term fundamentals, as indicated by stagnant net sales and operating profit growth over the last five years. Additionally, the company has reported negative quarterly results, further contributing to its risky profile.
In the broader market context, while Simbhaoli Sugars has shown a positive return of 3.74% over the past week, the benchmark Sensex has declined by 0.27% during the same period. This indicates that the stock is currently outperforming the broader market in the short term. However, the long-term performance remains concerning, as the stock has significantly lagged behind the Sensex over the past year and three years, with the benchmark showing positive growth. The high debt levels and negative book value of the company pose risks that could overshadow its recent price movements, suggesting that while there may be short-term gains, the long-term outlook remains uncertain.