Why is Ekansh Concept falling/rising?

As of 18-Jul, Ekansh Concepts Ltd is experiencing a price increase, with its current price at Rs 224.70, reflecting a rise of Rs 4.4 or 2.0%. The stock has shown a positive trend recently, gaining for three consecutive days and achieving a total return of 4.44% during this period. It opened with a 2% gain today and reached an intraday high of Rs 224.70. Despite a decline of 5.98% over the past month, the stock has significantly outperformed the benchmark Sensex in the long term, with a remarkable 368.12% increase over the past year. However, it faces challenges such as weak long-term fundamental strength, indicated by a -1.88% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 7.99 times, which raises concerns about its profitability and ability to service debt.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.90% over the past week. While Ekansh Concepts Ltd has outperformed the benchmark in the short term, the overall market sentiment may still be cautious due to the company's negative operating profits and flat results in recent quarters. The stock's liquidity appears adequate, with a delivery volume increase of 4.83% against the five-day average, suggesting rising investor participation. Nonetheless, the company's low return on capital employed and negative growth in net sales could pose risks that investors should consider despite the recent price rise.