Why is Kavveri Defence falling/rising?

As of 23-Sep, Kavveri Defence & Wireless Technologies Ltd is experiencing a rise in its stock price, currently at Rs. 120.20, reflecting an increase of 5.72 (5.0%). The stock has reached a new 52-week high today and has shown impressive performance over the past week, gaining 34.86% and outperforming its sector by 4.48%. Over the last year, the stock has generated a remarkable return of 198.86%, significantly outperforming the Sensex, which has declined by 3.33% during the same period. The company has reported positive financial results for the last four consecutive quarters, with notable growth in profit before tax and net sales, contributing to the stock's upward momentum. However, it is important to note that the company has a high debt-to-equity ratio of 7.38, which poses a risk to its financial stability.
Broader Market Context: In the short term, Kavveri Defence has outperformed the benchmark, with a weekly return of +22.34% compared to the Sensex's slight decline of -0.34%. This strong performance is indicative of investor confidence in the company's growth prospects, particularly given its substantial returns over the past year and three years. Despite the broader market's challenges, Kavveri Defence's ability to deliver consistent positive results and its strong historical performance have contributed to its rising stock price, even as investor participation has shown signs of decline.