Why is Bhagwati Auto falling/rising?

As of 24-Sep, Bhagwati Autocast Ltd's stock price is currently at 462.05, reflecting an increase of 4.6, or 1.01%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 2.77%. It reached an intraday high of Rs 468.95, indicating strong performance relative to its moving averages, as it is trading above the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Despite a year-to-date return of 1.55%, the stock has faced challenges with a 15.06% decline over the past year, alongside a significant drop in delivery volume, which fell by 62.13% against the 5-day average. The company reported positive results in June, with net sales and operating profit reaching their highest levels, contributing to a favorable valuation despite a decline in profits.
In the broader market context, Bhagwati Autocast Ltd has significantly outperformed the Sensex over the past week and month, with returns of 17.27% and 26.24%, respectively, compared to the benchmark's declines and modest gains. However, the stock's long-term fundamentals are concerning, with a low growth rate in net sales and a high debt-to-EBITDA ratio, which may hinder its ability to service debt. While the stock is trading at a discount compared to its peers, the weak long-term outlook and falling investor participation could pose risks to its continued upward movement.