Why is Harish Textile falling/rising?

As of 05-Sep, Harish Textile Engineers Ltd is experiencing a price increase, currently trading at 60.00, with a change of 0.45, representing a 0.76% rise. Today's price summary indicates that the stock has outperformed its sector by 1.61%. While it is currently above its 5-day and 20-day moving averages, it remains below its longer-term moving averages (50-day, 100-day, and 200-day). Despite a significant drop in delivery volume by 65.38% compared to the 5-day average, the stock's performance over the past week and month shows positive returns of 1.87% and 3.45%, respectively. The company has reported strong financial results, including a remarkable 389.87% growth in PAT for the last nine months and a high operating profit margin, which may contribute to the stock's upward movement.
In the broader market context, Harish Textile's short-term performance has outpaced the Sensex, which has only increased by 1.13% over the past week. However, the company's year-to-date return remains negative at -28.40%, contrasting with the Sensex's positive return of 3.29%. The stock's attractive valuation, trading at a discount compared to peers and a low PEG ratio, suggests potential for growth despite its high debt levels and weak long-term fundamentals. The majority of shareholders being non-institutional may also indicate a lack of confidence from institutional investors, which could affect long-term stability.