Why is Kinetic Engg. falling/rising?

As of 23-Jun, Kinetic Engineering Ltd's stock price is rising, currently at Rs. 262.90, reflecting an increase of Rs. 43.35 or 19.74%. The stock has recently achieved a new 52-week high of Rs. 263.45 and has outperformed its sector by 20.85%. It has been on a consecutive gain streak for the last four days, accumulating a total return of 30.21% during this period. Over the past year, the stock has generated a return of 41.69%, significantly outperforming the BSE 500 index. Positive factors contributing to this rise include an increase in promoter confidence, with promoters raising their stake by 2.17%, indicating strong belief in the company's future. However, there are concerns regarding the company's long-term fundamental strength, as evidenced by a low average Return on Capital Employed (ROCE) of 0.94% and weak debt servicing capabilities.
In the broader market context, Kinetic Engineering's short-term performance has been exceptional, with a 1-week return of 27.84% compared to a mere 0.12% increase in the Sensex, highlighting its strong relative performance. The stock's volatility has been high, with an intraday volatility of 10.52%, suggesting significant trading activity and investor interest. Despite the positive short-term momentum, the company's weak long-term growth indicators and negative operating profits raise caution among investors. Overall, while the stock is currently rising due to strong recent performance and increased promoter confidence, underlying fundamental weaknesses may pose risks for future sustainability.