Why is HCP Plastene falling/rising?

As of 23-Jul, HCP Plastene Bulkpack Ltd's stock price is rising, currently at Rs. 215.00, reflecting an increase of Rs. 9.9 or 4.83%. The stock has recently reached a new 52-week high of Rs. 215.35 and has been on a consecutive gain streak for the last nine days, resulting in a total return of 29.01% during this period. It has outperformed its sector by 5.62% today and is trading above all key moving averages. The company has shown strong financial performance, with a net profit growth of 379.09% and positive results for the last four consecutive quarters, contributing to its appeal as a strong buy. However, there are concerns regarding high debt levels and poor long-term growth, as evidenced by a significant decline in net sales and operating profit over the past five years.
In the broader market context, HCP Plastene's short-term performance is notably strong, with a 1-week return of 20.18%, significantly outpacing the Sensex's minimal gain of 0.11% during the same period. Over the past month, the stock has increased by 25.73%, while the Sensex has only risen by 1.01%. This stark contrast highlights the stock's robust performance relative to the market, despite the underlying risks associated with its high debt and historical growth challenges. Overall, the stock's recent upward movement can be attributed to strong quarterly results and market-beating performance, even as it faces potential long-term growth hurdles.