Why is Vipul Ltd falling/rising?

As of 25-Jun, Vipul Ltd's stock price is currently at 12.03, reflecting an increase of 0.23, or 1.95%. The stock has shown a positive trend recently, gaining 5.99% over the last three days and outperforming its sector by 0.74% today. However, despite this short-term gain, the company has a troubling financial outlook, with significant operating losses and a high Debt to EBITDA ratio of 6.35 times, indicating a weak ability to service its debt. The company has reported negative results for the last two consecutive quarters, with net sales declining by 71.22% and a substantial fall in profit after tax. Additionally, 30.71% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, Vipul Ltd's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 5.90% over the past week, while the Sensex itself has only increased by 1.61%. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 49.33% compared to the Sensex's gain of 5.91%. This disparity highlights the stock's volatility and the challenges it faces, despite a brief uptick in price. Overall, while there are short-term gains, the long-term fundamentals and recent financial performance suggest a precarious position for Vipul Ltd.