Why is Indian Hume Pipe falling/rising?

As of 04-Jul, Indian Hume Pipe Company Ltd's stock price is rising, currently at 459.05, reflecting an increase of 10.55 or 2.35%. The stock has shown strong performance recently, gaining 7.94% over the past week and 10.31% over the past month. It has also outperformed its sector by 2.08% today and has been on a consecutive gain streak for the last five days. The stock is trading above all key moving averages, indicating positive momentum. Additionally, the company has an attractive valuation with a return on capital employed (ROCE) of 13.4 and a PEG ratio of 1.4, suggesting that it is trading at a discount compared to its peers. However, it is important to note that the company has a high Debt to EBITDA ratio of 3.72, which raises concerns about its long-term fundamental strength.
In the broader market context, the Indian Hume Pipe Company has significantly outperformed the Sensex, which has seen a decline of 0.74% over the past week while the stock has risen by 7.94%. This strong performance is further highlighted by the company's consistent returns over the last three years, where it has outperformed the BSE500 in each of the last three annual periods. Despite some negative factors, such as a decline in operating profits and a high percentage of pledged promoter shares, the overall market sentiment appears to favor the stock due to its recent gains and attractive valuation metrics.