Why is SRM Energy Ltd falling/rising?

As of 15-Sep, SRM Energy Ltd's stock price is currently at 12.73, reflecting an increase of 0.24 or 1.92%. The stock has shown a strong performance recently, with a 6.88% increase over the past week and an 8.90% rise over the past month, outperforming the Sensex, which increased by only 1.24% and 1.47% respectively during those periods. Today's trading activity indicates rising investor participation, with a delivery volume increase of 37.29% compared to the 5-day average. However, the stock's long-term fundamentals are concerning, as it has a negative book value and has shown no growth in net sales or operating profit over the last five years, alongside a high debt-to-equity ratio. In the broader market context, while the stock has outperformed the benchmark in the short term, it has significantly underperformed over the past year, with a return of -25.51% compared to the Sensex's decline of only -1.33%. This stark contrast highlights the stock's volatility and risk, especially given its negative EBITDA and flat results reported in June. Despite the recent uptick in price, the underlying financial weaknesses and high debt levels suggest that the stock remains a risky investment, which may contribute to cautious sentiment among investors.