Why is Ceeta Industries falling/rising?

As of 13-Jun, Ceeta Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 50.75, reflecting an increase of Rs 4.88 or 10.64%. Today's price summary indicates that the stock has outperformed its sector by 10.63% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 51.99, demonstrating a robust performance with a wide trading range of Rs 5.49. Over the past week, Ceeta Industries has delivered a remarkable return of 23.60%, while its one-month return stands at 27.29%. The company has consistently reported positive results for the last six quarters, with net sales growing at an impressive 110.52% in the latest six months and a higher profit after tax of Rs 0.46 crore for the nine-month period.
In the broader market context, Ceeta Industries' recent performance contrasts sharply with the Sensex, which has declined by 1.30% over the past week. Despite the stock's strong short-term gains, concerns about its long-term fundamental strength persist, highlighted by a low return on capital employed (ROCE) of 0% and a high debt-to-EBITDA ratio. While the stock has generated a return of 45.42% over the past year, its ability to service debt remains questionable, and its valuation appears expensive compared to historical averages. Nonetheless, the stock's ability to outperform the benchmark indices in both the short and long term has contributed to its current upward momentum.