Why is Him Teknoforg. falling/rising?

As of 08-Jul, Him Teknoforge Ltd's stock price is currently at 227.85, reflecting an increase of 0.9 (0.4%). The stock has shown strong performance recently, gaining 11.36% over the past week and 16.67% over the past month, significantly outperforming the Sensex, which has only increased by 0.02% and 1.85% in the same periods, respectively. The stock has been on a consecutive gain streak for the last five days, and it is trading above all key moving averages, indicating positive momentum. However, there has been a decline in investor participation, with delivery volume falling by 29.29% against the five-day average. Positive financial results, including a 33.39% growth in PAT and record net sales, contribute to the stock's upward movement, while concerns about long-term fundamental strength and a high debt-to-EBITDA ratio present potential risks.
Broader market context indicates that while Him Teknoforge has outperformed the benchmark significantly in the short term, the overall market has seen modest gains. The stock's year-to-date return of 0.82% is lower than the Sensex's 7.13%, suggesting that while it has been strong recently, it has not kept pace with the broader market over the longer term. Additionally, the high percentage of pledged promoter shares could create downward pressure in adverse market conditions, which investors may be wary of despite the recent positive performance.