Why is Vipul Ltd falling/rising?

As of 01-Aug, Vipul Ltd's stock price is currently at 10.38, reflecting an increase of 0.49 or 4.95%. The stock has been gaining for the last four days, resulting in a total return of 21.26% during this period, which indicates a strong short-term performance. However, despite this recent uptick, the company has faced significant challenges, including operating losses and a high Debt to EBITDA ratio of 6.35 times, which suggests a weak long-term fundamental strength. The company has reported negative results for the last two consecutive quarters, with net sales declining by 71.22% and a substantial drop in profitability metrics, which raises concerns about its financial health. Additionally, 30.71% of promoter shares are pledged, adding further risk to the stock's stability.
In the broader market context, Vipul Ltd has outperformed the Sensex by 6.52% today, contrasting with its longer-term performance where it has generated a return of -74.26% over the past year, while the Sensex has only declined by 1.55%. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence. While the recent short-term gains may attract some attention, the underlying financial issues and poor long-term performance suggest that the stock remains a risky investment in the current market environment.