Why is Kesar Petroprod. falling/rising?

As of 21-Aug, Kesar Petroproducts Ltd is experiencing a price increase, currently at Rs 31.83, reflecting a change of 1.66 or 5.5% upward. The stock has shown a strong performance today, outperforming its sector by 5.69% and opening with a gain of 2.75%. It reached an intraday high of Rs 32.22, marking a 6.79% increase. Over the past month, the stock has gained 4.43%, and year-to-date, it has risen by 9.72%. The company has demonstrated healthy long-term growth, with an operating profit growth rate of 44.07% and a net profit increase of 197.47%. Positive results have been consistent, with the company declaring favorable outcomes for the last seven consecutive quarters, contributing to the stock's upward momentum.
In the broader market context, while the Sensex has generated a positive return of 1.74% over the past week, Kesar Petroproducts Ltd has seen a decline of 2.21% during the same period. However, the stock has significantly outperformed the market over the last year, achieving a return of 45.48% compared to the Sensex's 1.35%. Despite some risks, such as a high Debt to EBITDA ratio and low profitability per unit of shareholders' funds, the stock's strong performance and positive financial results have contributed to its rising price. The stock is also trading at a discount compared to its peers' average historical valuations, which may attract investor interest.