Why is Kavveri Defence falling/rising?

As of 08-Jul, Kavveri Defence & Wireless Technologies Ltd is experiencing a price increase, currently at Rs 66.50, reflecting a rise of 3.13 or 4.94%. The stock has recently hit a new 52-week high of Rs 66.53 and has shown strong performance, gaining 51.24% over the last 12 days. It has outperformed its sector by 5.57% today and is trading above all key moving averages. The company has reported impressive financial results, including a 66.97% growth in net profit and a significant increase in net sales and profit after tax compared to previous quarters. However, it is important to note that the delivery volume has decreased significantly, indicating a potential decline in investor participation.
In the broader market context, Kavveri Defence has outperformed the benchmark Sensex significantly, with a 24.35% return over the past week compared to a mere 0.02% for the index. The stock has also shown remarkable long-term performance, with a 168.69% return over the past year, while the Sensex has only increased by 4.69% in the same period. Despite these positive indicators, the company carries a high debt-to-equity ratio and a relatively low return on capital employed, which may raise concerns about its long-term profitability and valuation.