Why is Akar Auto Indust falling/rising?

As of 29-Jul, Akar Auto Industries Ltd is experiencing a price increase, with its current price at Rs 179.75, reflecting a rise of Rs 4.55 or 2.6%. The stock has shown strong performance recently, with a 12.34% increase over the past week and a 9.64% increase over the past month, significantly outperforming the Sensex, which has declined by 1.03% and 3.24% respectively. Today, the stock opened with a gain of 3.17% and reached an intraday high of Rs 182.4, indicating positive momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 62.45% compared to the 5-day average. Despite this, the stock is trading above all key moving averages and is close to its 52-week high, suggesting strong technical support.
In the broader market context, Akar Auto Industries has outperformed the benchmark indices significantly over various time frames, including a remarkable 64.46% return over the past year compared to a flat performance of the Sensex. This strong performance is underpinned by the company's fair valuation metrics and a solid return on capital employed, although concerns about high debt and weak long-term growth persist. The company's ability to service its debt is a potential risk factor, as indicated by its low EBIT to interest ratio. Overall, while the stock is currently rising due to positive short-term performance and technical indicators, the underlying financial health and market conditions present a mixed outlook.