Why is Ceeta Industries falling/rising?

As of 24-Sep, Ceeta Industries Ltd is experiencing a price increase, currently at Rs 41.93, reflecting a change of Rs 1.88 or 4.69% upward. Today's price summary indicates that the stock has outperformed its sector by 3.33% and has gained after three consecutive days of decline. It opened with a significant gain of 10.46%, reaching an intraday high of Rs 44.24. Despite this positive movement, the stock has shown high volatility today with an intraday volatility of 5.03%, and there has been a notable decrease in investor participation, with delivery volume falling by 28.82% against the five-day average. The company has declared positive results for the last seven consecutive quarters, with net sales growing at 55.79% over the latest six months, but it also faces challenges such as weak long-term fundamental strength and a high debt to EBITDA ratio.
In the broader market context, Ceeta Industries' short-term performance over the past week has been positive at +1.77%, contrasting with the Sensex, which has declined by 1.18%. However, the company's year-to-date return is down by 14.86%, while the Sensex has gained 4.58%. This divergence highlights the stock's recent volatility and potential investor concerns despite its strong quarterly results. The stock's long-term fundamentals, including a low return on capital employed and high debt levels, suggest caution, even as it trades at a discount compared to its peers.