Why is Kanishk Steel falling/rising?

As of 10-Jul, Kanishk Steel Industries Ltd is experiencing a price increase, with its current price at Rs 48.97, reflecting a change of 0.18 (0.37%) upward. The stock has been gaining momentum, having risen 4.19% over the last four days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite underperforming its sector by 0.43% today, the stock is only 4.15% away from its 52-week high. The company has shown impressive long-term growth, with operating profit increasing at an annual rate of 50.15%, and a significant rise in net sales and profit after tax in recent results. However, it faces challenges with low management efficiency and a high debt-to-EBITDA ratio, which could impact its profitability.
In the broader market context, Kanishk Steel has outperformed the benchmark, with a 73.65% return over the past year compared to the BSE500's return of 1.46%. Over the last month, the stock has gained 10.92%, while the Sensex has only increased by 0.97%. This strong performance relative to the market, combined with rising investor participation and attractive valuations compared to peers, suggests that investor sentiment remains positive despite some underlying risks related to management efficiency and debt levels.