Why is Hindware Home In falling/rising?

As of 29-Aug, Hindware Home Innovation Ltd is experiencing a price increase, currently at Rs 309.60, reflecting a change of 1.6 (0.52%) upward. The stock has shown a strong performance over the past week, gaining 3.67%, and has also performed well over the past month with a 20.23% increase, while the benchmark Sensex has declined by 1.84% and 1.88% respectively during the same periods. Today's trading saw the stock reach an intraday high of Rs 316.05, although it also touched a low of Rs 301.35. The stock is trading above its moving averages, indicating positive momentum, and there has been a rise in investor participation with a 5.5% increase in delivery volume. However, it is important to note that the stock underperformed its sector by 1.16% today.
In the broader market context, while Hindware Home Innovation Ltd has shown strong short-term returns compared to the Sensex, which has been declining, the stock's long-term performance has been mixed, with a 1-year return of -13.04%. The company has recently reported positive results after a long stretch of negative quarters, highlighting a significant improvement in operating profit and a favorable debt-equity ratio. However, concerns remain regarding its high Debt to EBITDA ratio, which indicates a low ability to service debt, and the minimal stake held by domestic mutual funds may suggest a lack of confidence in the stock's valuation. Overall, while there are positive indicators for growth, the risks associated with debt and market perception could influence future price movements.