Why is HCP Plastene falling/rising?

As of 30-Jul, HCP Plastene Bulkpack Ltd's stock price is currently at 203.50, reflecting an increase of 6.15, or 3.12%. The stock has shown strong performance today, outperforming its sector by 3.28% and achieving a consecutive gain over the last two days with a total return of 8.24%. It reached an intraday high of Rs 207.2, while the day's low was Rs 193.05. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 353.3% compared to the 5-day average. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 44.65% and has reported outstanding financial results, including a net profit growth of 379.09% and positive results for the last four consecutive quarters.
In the broader market context, HCP Plastene's recent performance contrasts sharply with the benchmark, as the stock has generated a return of 11.26% over the past year, while the BSE500 has seen negative returns of -2.34%. This indicates that HCP Plastene is not only performing well relative to the market but is also benefiting from strong fundamentals despite some risks, such as a high debt-to-equity ratio of 3.25 times and poor long-term growth metrics. The stock's ability to maintain positive returns in a challenging market environment highlights its resilience and the effectiveness of its management strategies, contributing to the recent upward price movement.