Why is Haldyn Glass falling/rising?

As of 24-Jul, Haldyn Glass Ltd's stock price is rising, currently at Rs 151.00, reflecting an increase of Rs 4.35 or 2.97%. The stock has shown strong performance recently, gaining 14.79% over the last four days and outperforming its sector by 3.03% today. It has also consistently traded above its moving averages across various time frames, indicating positive momentum. Despite a decline in profits by 23.4% over the past year, the company maintains a low Debt to EBITDA ratio of 1.12, suggesting a strong ability to service its debt. The stock is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, Haldyn Glass has outperformed the Sensex, which has seen a slight decline of 0.09% over the past week, while Haldyn Glass has surged by 14.65% in the same period. This significant outperformance highlights investor confidence in the stock despite its mixed financial performance, including a flat PAT growth and low domestic mutual fund ownership, which could indicate caution among institutional investors. Overall, the stock's recent rise appears driven by strong short-term performance metrics and favorable trading conditions, even as it faces challenges in long-term growth.