Why is Harish Textile falling/rising?

As of 01-Sep, Harish Textile Engineers Ltd is experiencing a price increase, currently at Rs 60.00, reflecting a rise of Rs 1.1 or 1.87%. The stock has shown a strong performance today, outperforming its sector by 1.66% and reaching an intraday high of Rs 61.5, which is a 4.41% increase. Over the past week, the stock has gained 3.29%, while its one-month performance shows a slight decline of 0.99%. Despite a year-to-date drop of 28.40%, the company reported positive financial results, including a significant growth in profit after tax and operating profit margins, which may have contributed to the recent uptick in stock price. However, the company also faces challenges, such as high debt levels and weak long-term growth prospects, which could temper investor enthusiasm.
In the broader market context, the stock's short-term return of 3.29% over the past week contrasts sharply with the Sensex, which has declined by 1.56% during the same period. This relative outperformance may indicate that investors are responding positively to the company's recent financial results despite its longer-term underperformance against benchmarks. The stock's liquidity appears sufficient for trading, and the rising investor participation suggests a growing interest, although the overall year-to-date performance remains concerning compared to the benchmark's gain of 2.85%.