Why is Sparkle GoldRock falling/rising?

As of 09-Jul, Sparkle Gold Rock Ltd is currently priced at 105.00, with no change in price (0.00%). The stock has recently hit a new 52-week and all-time high of Rs. 110.25. Despite this achievement, the stock is experiencing a decline in investor participation, as evidenced by a significant drop in delivery volume by 75.34% against the 5-day average. Over the past year, the stock has generated an impressive return of 806.74%, outperforming the BSE500 index in the last three years, one year, and three months. However, the company is facing challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, indicating weak long-term fundamental strength.
In the broader market context, Sparkle Gold Rock Ltd's performance over the past month shows a return of 4.06%, which is slightly below the Sensex's return of 1.32% during the same period. While the stock has demonstrated strong long-term performance, its recent flat results and negative EBITDA position it as a risky investment compared to its historical valuations. This combination of strong past performance and current operational challenges may contribute to a cautious outlook among investors, impacting the stock's price stability.