Why is Acknit Indus. falling/rising?

As of 10-Jul, Acknit Industries Ltd is currently priced at 298.00, reflecting an increase of 3.0, or 1.02%. The stock has been gaining for the last two days, with a total return of 2.76% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a year-to-date return of -2.30% and a 1-year return of -2.96%, the company's profits have increased by 5.2%, and the rising promoter confidence, with a 3.79% increase in their stake, suggests a strong belief in the company's future. However, the stock faces challenges due to a high Debt to EBITDA ratio of 2.69 times, indicating a low ability to service debt.
In the broader market context, Acknit Industries has underperformed the Sensex over the past week, with a return of -2.93% compared to the benchmark's -0.06%. However, over the past month, the stock has outperformed the Sensex, achieving a return of +10.82% against the benchmark's +0.97%. The stock's recent performance, despite some weaknesses in long-term fundamentals, is supported by attractive valuations and increased promoter confidence, which may contribute to its current upward movement.