Why is Sover. Diamonds falling/rising?

As of 04-Sep, Sovereign Diamonds Ltd is experiencing a price increase, with its current price at 31.00, reflecting a change of 0.19 or 0.62% upward. Today's price summary indicates that the stock has outperformed its sector by 0.74%, although it is currently higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive movement, the stock has shown a decline of 5.52% over the past month and a significant drop of 55.70% year-to-date. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio of 3.84 times, which indicates a weak long-term fundamental strength. Additionally, the company reported negative earnings in its latest quarter, with a PAT of Rs -4.85 crore, contributing to concerns about its profitability.
In the broader market context, the stock's performance over the past week shows a return of +1.54%, which outpaces the Sensex's return of +0.80% during the same period. However, the stock's year-to-date performance is starkly contrasted by the Sensex's gain of 3.30%, highlighting its underperformance in the longer term. The overall market, represented by the BSE500, has generated negative returns of -4.38% in the last year, yet Sovereign Diamonds has managed to achieve a positive return of 10.71%. This suggests that while the stock has some short-term positive momentum, its long-term outlook remains precarious due to fundamental weaknesses and declining investor participation.