Why is Kavveri Defence falling/rising?

As of 19-Sep, Kavveri Defence & Wireless Technologies Ltd is experiencing a rise in its stock price, currently at Rs. 109.04, reflecting an increase of 0.73 (0.67%). The stock has shown impressive performance, gaining 22.34% over the past week and 75.22% over the last month. It has also reached a new 52-week high of Rs. 113.72 today. The stock has been on a consecutive gain streak for the last five days, and its trading is above all key moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 30.89% compared to the five-day average. The company has reported strong financial results over the last four quarters, including a staggering 1,655.07% growth in net sales and a 134.9% increase in profit before tax.
In the broader market context, Kavveri Defence's short-term performance significantly outpaces the benchmark, with the stock returning 22.34% over the last week compared to the Sensex's modest 0.88% increase. This trend of outperformance is consistent, as the stock has generated 181.98% returns over the past year, while the Sensex has declined by 0.67%. However, it is important to note that the company carries a high debt-to-equity ratio of 7.38 times, indicating potential risks associated with its financial leverage. Despite this, the stock is trading at a discount compared to its peers, which may attract investors looking for growth opportunities.