Why is Indian Hume Pipe falling/rising?

As of 01-Jul, Indian Hume Pipe Company Ltd's stock price is rising, currently at 444.75, reflecting an increase of 10.2 or 2.35%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 4.57% during this period. It has outperformed its sector by 0.89% today and is trading above all key moving averages, indicating positive momentum. Additionally, the stock's year-to-date return stands at 23.10%, significantly higher than the Sensex's 7.11%, while its profits have increased by 18.3% over the past year, contributing to a favorable PEG ratio of 1.4. However, the company faces challenges such as a high Debt to EBITDA ratio of 3.72 times and a -0.05% CAGR growth in operating profits over the last five years, which may temper investor enthusiasm.
In the broader market context, the stock's short-term performance has been notably strong compared to the Sensex, with a 1-week return of 8.07% against the benchmark's 2.00%. This outperformance suggests that investor sentiment is currently favorable towards Indian Hume Pipe, despite the underlying concerns regarding its long-term fundamental strength and the pledge of 30.69% of promoter shares, which could exert downward pressure in adverse market conditions. Overall, while the stock is experiencing upward movement, the mixed signals from its financial health and market positioning warrant careful consideration by investors.