Why is Vandana Knitwear falling/rising?

As of 04-Jul, Vandana Knitwear Ltd's stock price is rising, currently at Rs 20.16, reflecting an increase of Rs 0.39 or 1.97%. The stock has demonstrated strong performance, gaining 16.94% over the last eight consecutive days and is currently trading close to its 52-week high, just 2.28% away from Rs 20.62. In terms of returns, the stock has outperformed the benchmark Sensex significantly, with a year-to-date increase of 101.80% compared to the Sensex's 6.77%. Despite the company's operating losses and weak long-term fundamentals, which include a negative EBIT to interest ratio and a low EPS, the stock's recent upward movement can be attributed to its strong short-term performance and rising investor participation, as evidenced by a substantial increase in delivery volume.
In the broader market context, Vandana Knitwear's short-term return of 10.28% over the past week stands in stark contrast to the Sensex, which has declined by 0.74% during the same period. This divergence highlights the stock's resilience and appeal among investors, despite the overall market conditions. The company's ability to generate significant returns over various time frames, including a remarkable 314.81% over the past year, further underscores its market-beating performance, even as it faces challenges related to profitability and fundamental strength.