Why is Jay Bharat Maru. falling/rising?

As of 20-Aug, Jay Bharat Maruti Ltd's stock price is currently at 84.03, reflecting an increase of 0.5 (0.6%). Today's price summary indicates that the stock has outperformed its sector by 0.62%, although it is trading lower than its 5-day moving average while being higher than the 20, 50, 100, and 200-day moving averages. Despite a recent decline in investor participation, with delivery volume falling by 82.81% against the 5-day average, the company has shown strong financial performance, including a 329.91% growth in net profit and positive results over the last two quarters. However, the stock has underperformed in the long term, with a 21.54% decline over the past year, despite a significant increase in profits.
In the broader market context, the stock's short-term performance has been negative, with a 1.13% decline over the past week, while the benchmark Sensex has increased by 1.64%. This underperformance is notable given that the stock has generated a negative return of 3.82% year-to-date, contrasting with the Sensex's positive return of 4.76%. The company's high Debt to EBITDA ratio of 2.60 times raises concerns about its ability to service debt, which may deter investors, especially as domestic mutual funds hold only a minimal stake in the company. Overall, while there are positive indicators in terms of profitability, the stock's recent movements reflect a combination of strong financial results and ongoing concerns about debt and market perception.