Why is Hittco Tools falling/rising?

As of 21-Jul, Hittco Tools Ltd is experiencing a price increase, currently at Rs 15.40, reflecting a rise of Rs 0.75 or 5.12%. The stock is trading close to its 52-week high, just 3.77% away from Rs 15.98, and has outperformed its sector by 5.61% today. Over the past week, the stock has gained 8.07%, and it has shown strong performance in the long term, with a 14.07% increase year-to-date and a remarkable 271.98% rise over the past five years. Despite these positive indicators, the company faces challenges, including weak long-term fundamental strength with a low Return on Capital Employed (ROCE) of 6.88% and a high Debt to EBITDA ratio of 3.18 times, which may raise concerns among investors.
In the broader market context, Hittco Tools has significantly outperformed the Sensex, which has seen a slight decline of 0.06% over the past week. The stock's strong performance contrasts with the benchmark's lackluster returns, highlighting investor confidence in Hittco Tools despite its underlying financial weaknesses. The rising investor participation, evidenced by a 59.93% increase in delivery volume, suggests a growing interest in the stock, which may be contributing to its upward price movement. However, the company's negative operating profits and flat results in recent financial periods indicate potential risks that could affect its future performance.