Why is Spel Semiconduct falling/rising?

As of 04-Sep, Spel Semiconductor Ltd's stock price is rising, currently at Rs 206.90, reflecting an increase of 18.8 points or 9.99%. The stock has demonstrated strong performance, gaining 64.34% over the past week and 76.39% over the last month, significantly outperforming the Sensex, which has only increased by 0.80% in the same week and decreased by 0.37% in the past month. Today's trading saw the stock open with an 8.45% gain and reach an intraday high of Rs 206.90. Additionally, the stock has been trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 248.24% compared to the five-day average. However, despite these positive indicators, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, which may affect long-term investor confidence.
In the broader market context, Spel Semiconductor's recent performance stands in stark contrast to the Sensex, which has shown minimal growth. The stock's impressive returns over both short and long-term periods highlight its market-beating performance, particularly in the last three years where it has outperformed the BSE500. However, the company's weak long-term fundamental strength, indicated by low profitability and a small stake held by domestic mutual funds, suggests that while the stock is currently rising, there are underlying risks that could impact its future performance.