Why is H P Cotton Tex falling/rising?

As of 18-Sep, H P Cotton Textile Mills Ltd's stock price is currently at 102.55, reflecting an increase of 0.55 (0.54%). The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.03%. Despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 21.96% and a one-year return of -35.38%. Positive factors contributing to the recent price movement include a significant growth in operating profit of 17.63%, a rise in net sales by 62.96%, and a strong return on capital employed (ROCE) of 18.65%. However, the company also faces challenges due to its high debt levels, with a debt-to-equity ratio of 2.58, which raises concerns about its long-term fundamental strength.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has gained 6.24% year-to-date. Over the past week, H P Cotton Textile Mills Ltd has declined by 2.24%, while the Sensex has increased by 1.80%. This underperformance highlights the stock's struggles in the market despite recent positive results. The rising investor participation, indicated by a 117.37% increase in delivery volume, suggests some renewed interest, but the overall liquidity and trading below key moving averages indicate ongoing challenges for the stock.