Why is Harish Textile falling/rising?

As of 24-Sep, Harish Textile Engineers Ltd is experiencing a price increase, currently at 57.80, reflecting a change of 0.71 or 1.24% upward. The stock has outperformed its sector today by 2.45%, although it remains higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent 6.37% gain over the past week, the stock has shown a decline of 2.69% over the last month and a significant year-to-date drop of 31.03%. Positive factors contributing to the stock's recent movement include a remarkable growth in profit after tax, which increased by 389.87%, and a strong operating profit margin of 8.47%. However, the company also faces challenges such as high debt levels and weak long-term growth prospects, which may dampen investor confidence.
In the broader market context, the stock's short-term performance stands in contrast to the Sensex, which has declined by 1.18% over the past week. While Harish Textile has outperformed the benchmark recently, its long-term performance has been underwhelming, with a 13.73% decline over the past year compared to a 3.77% drop in the Sensex. The high debt-to-equity ratio and low return on equity suggest underlying weaknesses that could affect future performance. Overall, while the stock is currently rising, the mixed signals from both its financial performance and market conditions indicate a complex situation for investors.