Why is East India Drums falling/rising?

As of 07-Jul, East India Drums & Barrels Manufacturing Ltd is experiencing a price increase, currently at Rs. 82.90, reflecting a rise of 3.94 or 4.99%. The stock has recently hit a new 52-week high and has outperformed its sector by 5.03%. In the past week, the stock has shown a remarkable return of +15.75%, while the Sensex has only decreased by 0.20%. Additionally, the stock is trading above all its moving averages, indicating strong momentum. Positive quarterly results have contributed to this upward movement, with the highest recorded PBDIT, PBT, and PAT figures. However, there are concerns regarding the company's long-term fundamentals, as it has not declared results in the last six months and carries a high debt-to-equity ratio, which may pose risks to investors.
Broader market context indicates that while East India Drums has shown significant short-term gains, the overall market sentiment reflected by the Sensex has been less favorable, with a slight decline. The stock's performance stands in stark contrast to the benchmark, highlighting its strong relative strength in a challenging market environment. Despite the positive short-term returns, the lack of recent financial disclosures and the company's high debt levels suggest caution for long-term investors.