Why is Thakral Services falling/rising?

As of 24-Sep, Thakral Services (India) Ltd is experiencing a price increase, currently at 16.17, reflecting a rise of 0.77 or 5.0%. The stock has shown significant performance in the short term, with a remarkable gain of 54% over the last eight days, outperforming its sector by 5.97%. In the past week, the stock has surged by 39.88%, while over the past month, it has increased by 58.68%. However, despite these short-term gains, the company faces challenges, including a negative book value and weak long-term fundamentals, as evidenced by a decline in net sales and operating profit over the past five years. The stock is also characterized by high debt levels and negative EBITDA, which contribute to its risky profile despite recent price movements.
In the broader market context, while Thakral Services has outperformed the Sensex by a substantial margin in the short term, the stock has underperformed over the longer term, with a year-to-date decline of 69.06% compared to the Sensex's increase of 4.58%. The stock's performance over the last year shows a significant drop of 51.59%, indicating that while recent gains are notable, the overall trend remains concerning. The falling investor participation, with a drastic drop in delivery volume, suggests that the recent price increase may not be supported by strong buying interest, raising questions about the sustainability of this upward movement amidst the company's underlying financial challenges.