Why is Khaitan Chemical falling/rising?

As of 09-Sep, Khaitan Chemicals & Fertilizers Ltd is experiencing a rise in its stock price, currently at Rs 131.10, reflecting an increase of Rs 8.6 or 7.02%. The stock has reached a new 52-week high of Rs 133 today and has outperformed its sector by 7.11%. Over the past week, the stock has gained 7.72%, and it has shown impressive returns of 25.21% over the last month and 83.02% year-to-date. The company has reported outstanding results, with a significant growth in net sales of 80.14% and positive results for the last three consecutive quarters. However, there are concerns regarding the company's high Debt to EBITDA ratio of 4.33 times, which indicates a low ability to service debt, potentially impacting investor confidence.
In the broader market context, Khaitan Chemicals has significantly outperformed the benchmark Sensex, which has only increased by 1.18% over the past week. The stock's strong performance is further highlighted by its long-term returns, outperforming the BSE500 over various periods, including a 59.08% return in the last year. Despite these positive indicators, the stock's liquidity has decreased, with a notable drop in delivery volume by 75.22% against the 5-day average, which may raise concerns about investor participation. Overall, while the stock is currently rising due to strong financial results and market performance, the high debt levels and declining investor participation could pose risks moving forward.