Why is Kavveri Defence falling/rising?

As of 09-Sep, Kavveri Defence & Wireless Technologies Ltd is experiencing a price increase, currently at Rs 90.92, reflecting a rise of 4.05 (4.66%). The stock has recently hit a new 52-week high of Rs 91.21 and has shown strong performance, gaining 47.22% over the last eight days. In terms of returns, the stock has outperformed the Sensex significantly, with a 1-week return of +27.20% compared to the benchmark's +1.18%, and a remarkable 116.79% return over the past year. The company has reported positive financial results over the last four quarters, with net sales growing by 1,655.07% in the latest six months and a higher profit after tax of Rs 6.98 crore. However, it also faces challenges due to a high debt-to-equity ratio of 7.38 times, indicating potential risk.
Broader Market Context: The stock's impressive short-term performance stands in stark contrast to the broader market, where the Sensex has only gained 1.18% over the past week. Kavveri Defence's strong returns in both the short and long term, including a 61.95% increase over the past month and a staggering 766.73% over three years, highlight its market-beating performance. The rising investor participation, as evidenced by a 58.07% increase in delivery volume, further supports the stock's upward momentum. Despite the company's high debt levels and expensive valuation metrics, its recent financial performance and market position contribute positively to its stock price movement.