Why is Vipul Ltd falling/rising?

As of 04-Aug, Vipul Ltd's stock price is currently at 10.83, reflecting an increase of 0.53 or 5.15%. The stock has shown significant short-term gains, outperforming its sector by 3.68% today and achieving a remarkable 26.52% increase over the past week. However, despite this recent uptick, the company has reported negative results for the last two consecutive quarters, with net sales declining by 71.22% and a substantial loss in profit after tax. Additionally, the company faces challenges such as a high debt-to-EBITDA ratio of 6.35 times and a low return on capital employed, indicating weak long-term fundamental strength. The presence of pledged promoter shares further adds to the stock's risk profile, especially in a declining market.
In the broader market context, while Vipul Ltd has gained significantly in the short term, its year-to-date performance remains poor, with a decline of 54.38%, contrasting sharply with the Sensex, which has increased by 3.69% during the same period. This stark difference highlights the stock's volatility and the challenges it faces in maintaining investor confidence despite recent gains. The stock's performance over the past year has also been dismal, with a return of -71.73%, indicating that while there may be short-term fluctuations, the long-term outlook remains concerning compared to the benchmark indices.