Why is Arihant Super. falling/rising?

As of 07-Oct, Arihant Superstructures Ltd is experiencing a significant rise in its stock price, currently at 431.15, reflecting an increase of 31.55 or 7.9%. The stock has outperformed its sector today by 7.5% and has shown a consecutive gain over the last three days, accumulating a total return of 9.51% during this period. Additionally, the stock has demonstrated strong performance over the past year, with an 18.04% return, and has outperformed the BSE500 index over the last three years, one year, and three months. However, the company faces challenges such as a high Debt to EBITDA ratio of 5.08 times and a low ability to service debt, which may impact investor sentiment despite the recent price increase.
In the broader market context, Arihant Superstructures Ltd's short-term return of 9.15% over the past week significantly surpasses the Sensex's return of 2.07% during the same period. This indicates that the stock is gaining traction relative to the overall market. Despite the positive short-term performance, the company’s fundamentals, including a high debt burden and low domestic mutual fund participation, suggest caution among investors. The stock's high volatility today, with an intraday fluctuation of 7.07%, further reflects the mixed sentiment surrounding its valuation and future prospects.