Why is Ashapura Minech. falling/rising?

As of 05-Sep, Ashapura Minechem Ltd's stock price is rising, currently at 563.30, reflecting an increase of 10.6 or 1.92%. The stock has shown strong performance recently, gaining 9.51% over the past week and 8.02% over the past month, significantly outperforming the Sensex, which saw a return of only 1.13% and no change, respectively. The stock is also close to its 52-week high, just 4.23% away, and has been gaining for the last two days, with a total increase of 3.07% during this period. Positive financial results, including a 144.14% growth in net sales and a 119.8% increase in profits over the past year, contribute to the stock's upward movement, despite concerns regarding management efficiency and debt servicing capabilities.
Broader market context indicates that Ashapura Minechem Ltd has outperformed the benchmark indices significantly over various periods, including a remarkable 422.78% return over the last three years compared to the Sensex's 36.23%. This strong performance in both the short and long term highlights the company's market-beating capabilities, which may attract investor interest despite the low participation from domestic mutual funds. The stock's liquidity remains adequate for trading, further supporting its price rise in the current market environment.