Why is H P Cotton Tex falling/rising?

As of 03-Sep, H P Cotton Textile Mills Ltd is experiencing a price increase, currently at Rs 103.00, reflecting a rise of 1.1 (1.08%). Today's price summary indicates that the stock reached an intraday high of Rs 106, showing a 4.02% increase. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 67.46% compared to the 5-day average. While the company has reported positive financial results, including a 17.63% growth in operating profit and a 62.96% increase in net sales over the last six months, it also faces challenges due to high debt levels and underperformance in the long term, which may contribute to investor caution.
In the broader market context, the stock's performance over the past week has been flat at 0.00%, while the benchmark Sensex has seen a slight decline of 0.27%. Over the past year, H P Cotton Textile Mills has underperformed significantly, with a return of -34.39% compared to a positive return of 3.11% for the Sensex year-to-date. This underperformance, coupled with high debt and weak long-term fundamentals, may lead to a cautious outlook among investors, despite the recent positive financial indicators.