Why is Jay Bharat Maru. falling/rising?

As of 28-Aug, Jay Bharat Maruti Ltd's stock price is currently at 84.30, reflecting an increase of 0.3, or 0.36%. The stock has been gaining for the last three days, with a total return of 0.6% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has outperformed its sector by 0.49% today, and there has been a notable increase in delivery volume, which rose by 28.09% against the 5-day average. Despite a year-to-date decline of 3.51% and a one-year drop of 21.07%, the company has reported a significant growth in net profit of 329.91% and positive results for the last two consecutive quarters, suggesting strong operational performance.
In the broader market context, while Jay Bharat Maruti Ltd has underperformed the market over the past year, with a return of -21.07% compared to the Sensex's -2.08%, its recent short-term performance contrasts with the benchmark. The stock's 1-week return of -0.67% is better than the Sensex's decline of -2.34%, indicating relative strength. However, concerns remain regarding the company's high Debt to EBITDA ratio of 2.60 times, which suggests a low ability to service debt, and its modest long-term growth rate of 12.48% in net sales over the last five years. The low stake of domestic mutual funds at only 0.04% may reflect a lack of confidence in the stock's valuation, despite its attractive PEG ratio of 0.3 and improving profitability metrics.