Why is Akar Auto Indust falling/rising?

As of 13-Jun, Akar Auto Industries Ltd is experiencing a price increase, currently at Rs 141.85, reflecting a rise of Rs 11.05 or 8.45%. Today's price summary indicates that the stock opened lower, down 4.43%, but subsequently reached an intraday high of Rs 142.5, showcasing a strong recovery. The stock has demonstrated significant performance over various periods, with a 31.34% increase over the past week and a 50.25% increase over the past month, outperforming the Sensex, which has seen a decline of 1.30% in the same week. Additionally, the company's attractive valuation, with a return on capital employed (ROCE) of 18.5 and a PEG ratio of 1.6, supports its upward movement despite concerns regarding high debt and weak long-term fundamentals.
Broader market context shows that Akar Auto Industries has outperformed the benchmark indices significantly, with a year-to-date return of 6.73% compared to the Sensex's 3.81%. The stock's strong performance in both the short and long term, alongside rising investor participation, has contributed to its recent price increase. However, the company faces challenges such as high debt levels and a weak ability to service that debt, which could impact its long-term growth potential. Despite these concerns, the stock's recent performance and positive valuation metrics have attracted investor interest, leading to its current upward trajectory.