How the stock price of JINDALSTEL increased , with Q3 reported loss of Rs.219 Crore?

I would like to know how the price of JINDALSTEL increases while the Q3FY20 had reported a net loss of Rs.219 Crore ?

Revenue is increasing and loss seems decreasing YOY. Also stock has already had a bad run in last one year - from high of 300 to low of 100 so bad news seems factored in. I may be wrong but this is my assumption.

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