Why is HCP Plastene falling/rising?

As of 22-Jul, HCP Plastene Bulkpack Ltd's stock price is rising, currently at Rs. 205.10, reflecting an increase of Rs. 9.75 or 4.99%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last eight days, accumulating a total return of 23.07% during this period. It has outperformed its sector by 4.43% today and is trading above all its moving averages, indicating strong momentum. The company's impressive financial performance, including a net profit growth of 379.09% and a return on capital employed (ROCE) of 44.65%, supports its strong buy status. However, the stock is also facing challenges, such as a high debt-to-equity ratio and poor long-term growth metrics, which could temper investor enthusiasm.
In the broader market context, HCP Plastene's short-term performance significantly outshines the benchmark, with a 1-week return of +16.93% compared to the Sensex's -0.47%. Over the past month, the stock has risen by 21.72%, while the benchmark has declined by 0.27%. This stark contrast highlights the stock's resilience and attractiveness to investors amidst a generally underperforming market. Despite the positive short-term performance, the long-term growth concerns due to declining net sales and operating profits over the past five years remain a risk that investors should consider.