Why is Bhagwati Auto falling/rising?

As of 14-Nov, Bhagwati Autocast Ltd's stock price is rising, currently at Rs. 541.50, reflecting an increase of Rs. 21.85 or 4.2%. The stock has recently reached a new 52-week high of Rs. 598, demonstrating strong performance with a 15.08% gain at the open today. Over the past three days, the stock has gained 12.58%, and it has outperformed its sector by 3.88%. Additionally, the stock has shown impressive returns over various periods, including a 24.48% increase over the past year and a staggering 395.65% over the last five years. Positive financial results, such as the highest quarterly net sales and operating profit margins, have contributed to this upward movement, although it is worth noting that profits have declined by 13% over the same period, indicating some underlying weaknesses.
In the broader market context, Bhagwati Autocast Ltd has outperformed the Sensex, which has only increased by 1.62% over the past week, compared to the stock's 9.23% rise. The stock's strong performance is further supported by rising investor participation, as evidenced by a 17.98% increase in delivery volume. However, concerns about long-term fundamental strength persist, particularly due to a high Debt to EBITDA ratio, which may affect future performance. Despite these challenges, the stock's recent gains and its ability to consistently outperform benchmarks suggest a favorable short-term outlook, bolstered by positive market sentiment and strong trading activity.