Why is GRP falling/rising?

As of 23-Jul, GRP Ltd's stock price is currently at 2,529.00, reflecting an increase of 37.55 (1.51%). The stock has been gaining momentum, having outperformed its sector by 2.07% today, and it has experienced consecutive gains over the last two days, rising a total of 5.45% in that period. The stock opened with a gain of 2.11% and reached an intraday high of Rs 2,554.4. Despite this positive movement, the stock has underperformed over the past month, with a decline of 2.47%, and a significant year-to-date drop of 22.43%. Positive factors contributing to the recent rise include strong growth in operating profit and substantial increases in profit before tax and profit after tax compared to previous quarters. However, concerns about the company's high debt-to-EBITDA ratio and relatively low return on equity may temper investor enthusiasm.
In the broader market context, GRP Ltd's short-term performance has been favorable compared to the benchmark, as it gained 0.23% over the past week while the Sensex rose by only 0.11%. However, the stock has significantly lagged behind the market over the past year, with a decline of 32.56% compared to the Sensex's increase of 2.86%. This stark contrast highlights the challenges the company faces despite its recent positive performance, as it continues to grapple with long-term growth issues and low investor confidence, particularly from domestic mutual funds, which hold no stake in the company.