Why is K E C Intl. falling/rising?

As of 12-Nov, K E C International Ltd's stock price is rising, currently at 798.25, reflecting an increase of 29.95 or 3.9%. The stock has shown a positive performance today, outperforming its sector by 2.59% and achieving a consecutive gain over the last two days with a total return of 10.52%. It reached an intraday high of Rs 802.7, indicating strong investor interest, as evidenced by a significant rise in delivery volume by 265.62% compared to the 5-day average. Despite the stock's year-to-date decline of 33.86% and a one-year return of -20.06%, the company has consistently reported positive results over the last eight quarters, with substantial growth in profit before tax and profit after tax. Additionally, the stock is trading at a discount compared to its peers, supported by high institutional holdings of 38.46%, which may enhance investor confidence.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has gained 1.21% over the past week and 2.38% over the past month. While K E C International Ltd has faced challenges with a high Debt to EBITDA ratio of 2.71, indicating potential difficulties in servicing debt, the recent positive earnings growth and attractive valuation metrics may be contributing to the current upward price movement. The stock's performance over the last three years shows a significant increase of 94.70%, suggesting that long-term investors may still see potential despite recent volatility.