Why is Akar Auto Indust falling/rising?

As of 27-Jun, Akar Auto Industries Ltd is experiencing a rise in its stock price, currently at Rs. 163.95, reflecting an increase of Rs. 6.7 or 4.26%. The stock has recently hit a new 52-week high of Rs. 165.1 and has shown strong performance, gaining 6.63% over the last two days. It has outperformed its sector by 3.38% today and has impressive returns over various periods, including a 63.54% increase over the past year and a staggering 224.65% over the last three years. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly compared to the average. Despite this, the stock is trading above all key moving averages, indicating a positive trend.
In the broader market context, Akar Auto Industries has outperformed the Sensex, which has only increased by 2.00% over the past week, while Akar's stock has risen by 7.26% in the same timeframe. The company's attractive valuation, with a return on capital employed (ROCE) of 18.5% and a PEG ratio of 1.9, suggests it is trading at a discount compared to its peers. However, the company faces challenges, including high debt levels and weak long-term fundamental strength, which could impact its future performance. Despite these negatives, the stock's recent gains and strong historical performance indicate a current bullish sentiment among investors.