Why is Everest Kanto falling/rising?

As of 23-Oct, Everest Kanto Cylinder Ltd is experiencing a price increase, currently at Rs 148.10, reflecting a rise of Rs 4.9 or 3.42%. The stock has shown a positive trend, gaining for the last three days with a total return of 5.75% during this period. It has outperformed its sector by 0.79% today and has been trading above its moving averages across various time frames. Despite a year-to-date decline of 19.97%, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 27.20% and net sales growing by 20.99% over the last six months. The company maintains a low debt-to-equity ratio of 0.08, which supports its stability.
In the broader market context, Everest Kanto's short-term performance of +3.28% over the past week has outpaced the Sensex, which increased by only 1.30% during the same period. However, the stock's year-to-date performance remains significantly lower than the benchmark's gain of 8.21%. The recent rise in stock price may be attributed to positive operational results and a favorable valuation compared to peers, despite a notable decline in investor participation, as indicated by a 59.83% drop in delivery volume against the five-day average. Overall, while the stock is currently rising, it faces challenges in terms of long-term performance relative to the market.