Why is Asit C Mehta Fin falling/rising?

As of 29-Jul, Asit C Mehta Financial Services Ltd is experiencing a price increase, currently at Rs 149.50, reflecting a rise of Rs 11.35 or 8.22%. The stock has shown strong performance today, outperforming its sector by 7.91% and achieving a consecutive gain over the last two days with a total return of 15.47%. It reached an intraday high of Rs 156, indicating significant volatility with an intraday fluctuation of 6.12%. Over the past week, the stock has gained 12.75%, while its performance over the past month shows a remarkable increase of 34.99%. The company recently reported a substantial growth in operating profit of 1146.67%, with a PAT growth of 257.8% compared to the previous four-quarter average, contributing positively to the stock's upward movement.
In the broader market context, while the Sensex has declined by 1.03% over the past week, Asit C Mehta Financial Services Ltd has significantly outperformed this benchmark. The stock's long-term performance is also notable, having outperformed the BSE500 over the last three years, one year, and three months. However, it is important to consider the company's high debt levels and weak long-term fundamental strength, which may pose risks to its future performance despite the recent positive results. The stock is currently trading at a discount compared to its peers, which may attract investors looking for value, but the high debt-to-equity ratio and low return on equity could temper enthusiasm among more risk-averse investors.