Why is Vipul Ltd falling/rising?

As of 25-Aug, Vipul Ltd's stock price is currently at 10.19, reflecting an increase of 0.52 or 5.38%. The stock has shown a positive trend today, gaining after three consecutive days of decline and outperforming its sector by 4.6%. In the past week, the stock has risen by 3.98%, and over the past month, it has increased by 15.40%. However, despite this recent uptick, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio of 6.35 times, indicating weak long-term fundamental strength. The company has reported negative results for the last three consecutive quarters, with net sales declining by 72.60% and a negative profit after tax of Rs -31.34 crore. Additionally, 30.71% of promoter shares are pledged, which could exert further downward pressure in a falling market.
In the broader market context, while Vipul Ltd has outperformed the Sensex in the short term, with a 3.98% increase compared to the benchmark's 0.45% over the past week, its long-term performance remains concerning. The stock has generated a return of -69.31% over the past year, significantly underperforming the Sensex, which has gained 0.68% in the same period. This stark contrast highlights the stock's volatility and the underlying issues affecting its valuation, despite the recent short-term gains.