Why is Kavveri Defence falling/rising?

As of 15-Sep, Kavveri Defence & Wireless Technologies Ltd's stock price is currently at Rs 93.58, reflecting an increase of Rs 4.45 or 4.99%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite opening with a loss of 4.99% today, it reached an intraday high of Rs 93.58. Over the past week, the stock has outperformed the sector by 4.34% and has delivered impressive returns of 123.34% over the past year, significantly outperforming the BSE500 index. The company has reported positive financial results for the last four quarters, with notable growth in profit before tax and net sales, although it carries a high debt-to-equity ratio of 7.38, indicating potential risks.
In the broader market context, Kavveri Defence's short-term performance has been strong, with a 7.72% increase over the past week compared to a modest 1.24% rise in the Sensex. The stock's long-term performance is also noteworthy, with a staggering 730.35% increase over the past three years. However, there are concerns regarding falling investor participation, as evidenced by a decrease in delivery volume. While the stock is trading at a discount compared to its peers, its high debt levels and low return on capital employed may pose risks to future profitability. Overall, the stock's recent rise can be attributed to positive earnings reports and strong historical performance, despite underlying financial concerns.