Why is Dhampur Bio falling/rising?

As of 18-Jul, Dhampur Bio Organics Ltd's stock is currently priced at 103.00, reflecting an increase of 6.07 (6.26%). The stock has shown strong performance recently, with a 1-week return of +11.82% and a 1-month return of +30.43%, significantly outperforming the Sensex, which has seen a decline of -0.90% over the same week and a slight increase of +0.38% over the month. Today's trading saw the stock reach an intraday high of Rs 104.35, and it is currently trading above all its moving averages. However, there is a notable decline in investor participation, with delivery volume dropping by -43.26% compared to the 5-day average. The company has recently reported positive financial results after a series of negative quarters, with net sales growing by 24.98%, which may have contributed to the stock's upward movement despite its long-term challenges, including a high debt-to-EBITDA ratio and a significant decline in profitability over the past year.
In the broader market context, while Dhampur Bio has outperformed the Sensex in the short term, it has underperformed over the past year, with a return of -25.23% compared to the market's -0.36%. This stark contrast highlights the stock's volatility and the challenges it faces despite recent positive developments. The lack of investment from domestic mutual funds may indicate a lack of confidence in the stock's long-term prospects, which could be a concern for potential investors. Overall, while the recent price increase may reflect short-term optimism due to improved financial results, the underlying fundamentals suggest caution moving forward.