Why is Aditya Vision falling/rising?

As of 15-Jul, Aditya Vision Ltd's stock price is currently at 363.95, reflecting an increase of 2.15 (0.59%). The stock has been gaining for the last three days, with a total return of 1.8% during this period. Despite opening with a loss of 2.43% today, it reached an intraday high of Rs 371, indicating some volatility. The stock has underperformed in the longer term, with a year-to-date decline of 28.70% and a one-year return of -19.12%. However, the company has shown strong management efficiency with a high return on capital employed (ROCE) of 24.56%, and positive financial results over the last four quarters, which may be contributing to the recent uptick in price. Additionally, there has been a significant increase in institutional holdings, which can positively influence investor sentiment.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has declined by 1.36% over the past week while Aditya Vision has gained 0.82%. This suggests that the stock is performing relatively well compared to the market. However, the company has faced challenges, including a high debt-to-equity ratio and a valuation that some may consider expensive, as indicated by its PEG ratio of 1.3. Despite these concerns, the recent positive financial performance and increased institutional interest may be helping to stabilize the stock's price in a generally unfavorable market environment.