Why is Sparkle GoldRock falling/rising?

As of 07-Jul, Sparkle Gold Rock Ltd's stock price is currently at 106.00, reflecting an increase of 1.0 (0.95%). The stock has recently hit a new 52-week and all-time high of Rs 110.2, demonstrating strong performance with a 4.95% gain on the day. Over the past week, the stock has outperformed the sector by 1.61% and has seen a consecutive gain over the last two days, with a total return of 1.92%. Despite these positive movements, the company faces challenges, including operating losses and a high Debt to EBITDA ratio, which indicates a weak long-term fundamental strength. Additionally, while the stock has generated impressive returns of 851.53% over the past year, its profits have fallen by 108%, raising concerns about sustainability.
In the broader market context, Sparkle Gold Rock Ltd has shown a significant outperformance compared to the Sensex, with a 1-week return of +1.05% against the benchmark's -0.20%. This trend continues in the longer term, with the stock achieving a year-to-date return of +23.96% compared to the Sensex's +6.79%. However, the decline in investor participation, as indicated by a 60.46% drop in delivery volume, suggests that despite the stock's recent gains, there may be underlying concerns that could affect future performance. Overall, while the stock is rising in price, the combination of operational challenges and declining investor engagement may pose risks moving forward.