Why is Kimia Bioscien. falling/rising?

As of 14-Nov, Kimia Biosciences Ltd is experiencing a price increase, currently at Rs 34.98, reflecting a rise of Rs 2.98 or 9.31%. The stock has shown a strong performance today, outperforming its sector by 8.94% and achieving a consecutive gain over the last three days with a total return of 16.06%. Despite opening with a loss of 2.94%, the stock reached an intraday high of Rs 35.2, indicating significant volatility with a wide trading range of Rs 4.14. Although the stock has underperformed over the past year with a return of -25.87%, it has seen a substantial increase in profits, rising by 862.6%, which may contribute to its current upward movement. However, it is important to note that the company has high debt levels and weak long-term fundamental strength, which could impact investor sentiment.
In the broader market context, Kimia Biosciences Ltd's short-term return of +9.59% over the past week significantly outpaces the benchmark Sensex, which has only increased by 1.62% during the same period. This strong performance relative to the benchmark could indicate a positive shift in investor sentiment, despite the company's long-term challenges, including consistent underperformance against the benchmark over the last three years. The rising investor participation, as evidenced by a 175.85% increase in delivery volume, suggests that market players may be taking a more favorable view of the stock, potentially driven by its fair valuation compared to peers and recent profit growth.