Why is Aditya Vision falling/rising?

As of 23-Jun, Aditya Vision Ltd's stock price is currently at 375.05, reflecting an increase of 19.8, or 5.57%. The stock has shown a positive performance today, outperforming its sector by 4.6% and gaining 11.57% over the last two days. It opened with a gain of 2.51% and reached an intraday high of Rs 377.15. Despite recent struggles, with a year-to-date decline of 26.53% and a one-year return of -12.38%, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 24.56% and significant growth in net sales and operating profit. Additionally, the stock has seen increased institutional holdings, which can indicate confidence in the company's future performance.
In the broader market context, while the Sensex has shown a slight increase of 0.12% over the past week, Aditya Vision's stock has underperformed with a decline of 1.28%. However, the recent upward movement may be attributed to rising investor participation, as evidenced by a 26% increase in delivery volume. Despite the positive short-term performance, the stock's long-term challenges, including a high debt-to-equity ratio of 1.54 and a relatively expensive valuation compared to its peers, suggest that investors should remain cautious. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains mixed due to underlying financial concerns.