Why is Harish Textile falling/rising?

As of 13-Aug, Harish Textile Engineers Ltd is experiencing a price increase, currently at Rs 60.30, reflecting a rise of Rs 2.7 or 4.69%. Today's price summary indicates that the stock outperformed its sector by 3.91%, despite opening with a loss of 2.5%. The stock reached an intraday high of Rs 60.7, showing a gain of 5.38%, while the day's low was Rs 56.16. The stock has shown a 1-week return of +5.46%, contrasting with a slight decline in the benchmark Sensex, which was down by 0.01%. Positive factors contributing to this rise include strong quarterly results, with the highest PBDIT recorded at Rs 2.46 crore and a notable increase in profits by 57% over the past year, despite the stock's overall decline of 5.78% in that timeframe. However, the company also faces challenges, such as high debt levels and weak long-term growth, which may temper investor enthusiasm.
In the broader market context, Harish Textile's recent performance stands out as it has outperformed the Sensex over the past week, while the benchmark has seen a slight decline. The stock's year-to-date performance shows a significant drop of 28.04%, contrasting with the Sensex's gain of 3.07%, indicating that while the stock is currently rising, it has struggled significantly in the longer term. The company's high debt-to-equity ratio and low return on equity suggest underlying weaknesses that could impact future performance. Despite these concerns, the stock's attractive valuation relative to peers and increased investor participation may be driving the current upward movement.