Why is Kellton Tech falling/rising?

As of 07-Jul, Kellton Tech Solutions Ltd's stock price is currently at Rs 137.70, reflecting an increase of Rs 2.8 or 2.08%. The stock has shown strong performance recently, gaining 7.24% over the last three days and outperforming its sector by 2.72% today. It has also touched an intraday high of Rs 141.95, indicating positive momentum. Over the past week, the stock has risen by 5.68%, and it has generated an 18.91% return over the past year, while profits have increased by 24.5%. The company's low Debt to EBITDA ratio of 0.95 times and a favorable PEG ratio of 0.7 suggest strong financial health and attractive valuation compared to peers, contributing to the stock's upward movement.
In the broader market context, Kellton Tech's recent performance contrasts with the Sensex, which has seen a slight decline of 0.20% over the past week. While the stock has outperformed the benchmark in both the short and long term, its year-to-date performance shows a decline of 8.08%, compared to the Sensex's gain of 6.79%. This indicates that despite some recent gains, the stock has faced challenges earlier in the year, but its current upward trend suggests a recovery phase driven by strong investor participation and positive financial metrics.