Why is Asahi Songwon falling/rising?

As of 30-Jun, Asahi Songwon Colors Ltd is experiencing a price increase, currently at 444.95, reflecting a rise of 1.95 (0.44%). The stock has shown strong performance recently, outperforming its sector by 0.74% today and achieving consecutive gains over the last two days with a total return of 1.97%. Over the past week, the stock has risen by 5.69%, and year-to-date, it has increased by 19.50%. Positive financial results, including a 198.7% growth in net profit and consistent positive results over the last five quarters, contribute to the stock's upward movement. However, there are concerns regarding its long-term fundamental strength, as indicated by a -2.16% CAGR growth in operating profits over the last five years and a high debt to EBITDA ratio of 7.38 times.
In the broader market context, Asahi Songwon's short-term performance significantly exceeds that of the Sensex, which has only risen by 2.09% over the past week. The stock's strong returns in comparison to the benchmark highlight its relative strength, despite the overall market conditions. While the stock has generated a return of -1.71% over the past year, its profits have surged, suggesting that the market may be reacting positively to its recent financial performance. However, the lack of domestic mutual fund investment may indicate some caution among institutional investors regarding the stock's valuation and long-term prospects.