Why is India Glycols falling/rising?

As of 09-Oct, India Glycols Ltd's stock price is rising, currently at 927.55, reflecting an increase of 31.7 points or 3.54%. The stock has shown strong performance today, outperforming its sector by 3.22% and reversing a trend after three consecutive days of decline. It reached an intraday high of Rs 944.15, indicating positive momentum. Over the past week, the stock has gained 6.89%, and it has outperformed the benchmark Sensex, which only increased by 1.47%. Additionally, the company has reported positive financial metrics, including the highest ROCE and net sales in the last quarter, alongside increased participation from institutional investors, which collectively hold 4.82% of the company.
In the broader market context, while the stock has generated a return of 25.77% over the past year, the BSE500 index has experienced negative returns of -1.92%, highlighting India Glycols' ability to outperform the market significantly. Despite this, there are concerns regarding its long-term fundamental strength, including a high Debt to EBITDA ratio and average ROCE, which may temper investor enthusiasm. The stock's performance is supported by strong recent results and institutional interest, but the potential for long-term growth remains uncertain due to underlying financial challenges.