Why is Spice IslandsInd falling/rising?

As of 24-Jul, Spice Islands Industries Ltd is experiencing a price increase, currently at 48.68, reflecting a change of 0.75 or 1.56% upward. The stock has shown strong performance in recent periods, with a 3.80% increase over the past week and a notable 10.01% rise over the last month. Today's trading indicates that the stock is outperforming its sector by 1.54%, and it is trading above all key moving averages, which suggests positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 245.71% compared to the 5-day average. Positive financial results, including a remarkable 743.3% growth in PAT and the highest EPS at Rs 3.63, contribute to the stock's upward movement, despite concerns over its negative book value and high debt levels.
In the broader market context, Spice Islands Industries Ltd has outperformed the Sensex, which has seen a slight decline of 0.09% over the past week, while the stock has gained 3.80%. Year-to-date, the stock has increased by 16.10%, significantly surpassing the Sensex's 5.18% gain. However, the stock's long-term outlook remains uncertain due to poor growth in net sales and a negative EBITDA, which may pose risks despite its recent performance. The contrasting short-term gains against the backdrop of long-term challenges highlight the complexity of the stock's current situation.