Why is Kavveri Defence falling/rising?

As of 30-Sep, Kavveri Defence & Wireless Technologies Ltd is experiencing a price increase, currently at Rs. 153.39, reflecting a rise of Rs. 7.3 or 5.0%. The stock has reached a new 52-week high today and has been on a consecutive gaining streak for the last 12 days, accumulating a remarkable 72.1% return during this period. Additionally, the stock has outperformed its sector by 5.97% today and has shown impressive long-term performance, with a 246.17% return over the past year and a staggering 1344.35% over the last three years. Positive financial results, including a significant growth in net sales and profit after tax, have contributed to this upward movement, although the company’s high debt levels and expensive valuation compared to peers may pose risks.
In the broader market context, Kavveri Defence's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 2.23% over the past week. This divergence highlights the stock's strong resilience and investor interest despite a generally unfavorable market environment. The company's ability to generate substantial returns while maintaining a high debt-to-equity ratio and low profitability per unit of capital suggests that while the stock is currently rising, there are underlying risks that investors should consider.