Why is Harish Textile falling/rising?

As of 15-Jul, Harish Textile Engineers Ltd is experiencing a price increase, currently trading at Rs 62.50, which reflects a rise of 1.95 or 3.22%. Today's price summary indicates that the stock has outperformed its sector by 0.75% and has shown a trend reversal after four consecutive days of decline. It opened with a significant gain of 4.38% and reached an intraday high of Rs 64.99, marking a 7.33% increase. Despite this positive movement, the stock is trading below its moving averages across various timeframes. Over the past year, Harish Textile has generated a return of 23.81%, significantly higher than the market average, with strong profit growth of 57%. However, the company also faces challenges, including high debt levels and weak long-term growth, which may impact investor sentiment.
In the broader market context, the stock's short-term performance over the past week shows a decline of 5.23%, contrasting with the Sensex's decrease of only 1.36%. While the stock has outperformed the market over the past year, its year-to-date performance is notably poor, with a decline of 25.42% compared to the Sensex's gain of 5.67%. The recent rise in stock price may be attributed to increased investor participation, as evidenced by a significant rise in delivery volume, and positive quarterly results that highlight strong operational metrics. However, the high debt levels and low profitability per unit of shareholders' funds remain concerns that could temper the stock's upward momentum in the long term.