Why is Harish Textile falling/rising?

As of 03-Sep, Harish Textile Engineers Ltd is experiencing a price increase, currently at Rs 61.49, which reflects a rise of 3.24 or 5.56%. The stock opened with a gain of 5.41% today and reached an intraday high of Rs 61.65, outperforming its sector by 5.24%. Over the past week, the stock has shown a return of +6.38%, while its performance over the last month is +1.47%. Despite these positive short-term movements, the stock has a year-to-date decline of -26.62%. Positive factors contributing to the stock's rise include significant growth in profit after tax and operating profit, along with an attractive valuation compared to peers. 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 Sensex has shown a slight decline of -0.27% over the past week, indicating that Harish Textile's performance is notably stronger than the overall market trend. While the stock has outperformed the benchmark in the short term, it is essential to consider its long-term performance, which has been less favorable, with a year-to-date drop compared to the Sensex's gain of +3.11%. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume suggests a potential decrease in investor participation, which could impact future price movements.