Why is Haldyn Glass falling/rising?

As of 23-Jul, Haldyn Glass Ltd is experiencing a price increase, currently at Rs 146.65, reflecting a rise of Rs 3.45 or 2.41%. The stock has shown strong performance recently, gaining 11.48% over the last three days and outperforming its sector by 0.92% today. It reached an intraday high of Rs 148.85, while also trading above its moving averages across various time frames. Additionally, the stock has demonstrated impressive returns over the past week and month, with increases of 7.16% and 42.59%, respectively. Despite a decline in profits over the past year, the company maintains a low Debt to EBITDA ratio and is trading at a discount compared to its peers, which may contribute positively to investor sentiment.
In the broader market context, Haldyn Glass has significantly outperformed the Sensex, which only increased by 0.11% over the past week, while the stock rose by 7.16%. This stark contrast highlights the stock's strong momentum relative to the market. Furthermore, the rising investor participation, indicated by a substantial increase in delivery volume, suggests growing confidence among investors. However, it is important to note that domestic mutual funds hold no stake in the company, which may reflect some underlying concerns regarding its long-term growth potential despite its recent gains.