Why is Hilton Met.Forg. falling/rising?

As of 11-Jul, Hilton Metal Forging Ltd's stock price is rising, currently at Rs 67.87, reflecting an increase of Rs 3.23 or 5.0%. The stock has shown strong performance today, outperforming its sector by 6.45% and achieving a consecutive gain over the last three days, with a total return of 11.26% during this period. It opened with a gain of 5% and reached an intraday high of Rs 67.87. Additionally, the stock has demonstrated positive momentum with a significant rise in delivery volume, which increased by 63.88% compared to the 5-day average. Despite a year-to-date decline of 30.98%, the recent declaration of positive quarterly results, including the highest net sales and profit after tax in four quarters, has contributed to the stock's upward movement.
In the broader market context, Hilton Metal Forging Ltd has outperformed the Sensex in the short term, with a 1-week return of 7.90% compared to the benchmark's decline of 1.12%. However, the stock has underperformed over the longer term, with a year-to-date return significantly lower than the market average. While the company has attractive valuation metrics and is trading at a discount to its peers, concerns about weak long-term fundamental strength, including a high debt-to-EBITDA ratio and reduced promoter confidence, may temper investor enthusiasm. The stock's recent gains appear to be driven by short-term positive results rather than a complete turnaround in its long-term outlook.