Why is Jay Bharat Maru. falling/rising?

As of 04-Sep, Jay Bharat Maruti Ltd's stock price is rising, currently at Rs 102.31, reflecting an increase of Rs 5.17 or 5.32%. The stock has been on a positive trajectory, gaining for the last eight consecutive days and achieving a total return of 22.09% during this period. It is also trading close to its 52-week high, just 4.54% away from Rs 106.95. The company's strong performance is underscored by a remarkable growth in net profit of 329.91% and positive results over the last two quarters, alongside a high operating profit to interest ratio. However, the company faces challenges with a high debt to EBITDA ratio of 2.60 times, indicating potential risks in servicing its debt.
Broader market context shows that while Jay Bharat Maruti has outperformed the Sensex significantly in the short term, with a 21.36% return over the past week compared to the Sensex's 0.80%, the stock's performance over the past year has been less favorable, showing a decline of 2.79%. Despite this, the stock's attractive valuation relative to its peers and rising investor participation, indicated by a 307.58% increase in delivery volume, suggest a growing confidence among investors. The stock's liquidity is also favorable for trading, which may contribute to its upward price movement.