Why is Jyoti Structures falling/rising?

As of 18-Sep, Jyoti Structures Ltd's stock price is currently at 17.10, reflecting an increase of 0.43 or 2.58%. The stock has shown positive momentum, gaining 5.88% over the last two days and outperforming its sector by 2.86% today. In the past week, the stock has risen by 4.91%, and over the last month, it has increased by 6.88%. The company has reported positive results for the last three consecutive quarters, with a significant growth in profit after tax (PAT) of 20.20% over the latest six months and a strong cash position of Rs 514.14 crore. However, the company also faces challenges, including a high debt-to-equity ratio of 27.68 times and a low return on equity of 1.58%, which may impact investor confidence in the long term.
In the broader market context, Jyoti Structures has outperformed the Sensex, which has only increased by 1.80% over the past week. Despite this short-term outperformance, the stock has significantly underperformed over the longer term, with a year-to-date decline of 31.72% compared to the Sensex's gain of 6.24%. The stock's long-term performance has raised concerns, particularly given its high debt levels and low profitability metrics, which may deter institutional investors, as evidenced by the lack of domestic mutual fund holdings. This combination of short-term gains amid long-term challenges creates a complex picture for potential investors.