Why is V I P Inds. falling/rising?

As of 24-Jun, V I P Industries Ltd is experiencing a price increase, currently at Rs 438.50, which reflects a rise of 8.85 or 2.06%. The stock has shown strong performance recently, gaining 9.3% over the last three days and outperforming its sector by 1.5% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite these short-term gains, the company has reported negative results for the last eight consecutive quarters, with a significant decline in operating profits and a high Debt to EBITDA ratio, which raises concerns about its long-term financial health.
In the broader market context, V I P Industries has outperformed the Sensex over the past week with a return of 4.64% compared to the benchmark's 0.58%. However, the stock has underperformed over longer periods, including a year-to-date decline of 8.85% against the Sensex's gain of 5.01%. The high institutional holdings suggest that knowledgeable investors are still interested, but the company's weak fundamentals and consistent underperformance over the last three years indicate that caution is warranted. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to ongoing financial challenges.