Why is Kinetic Engg. falling/rising?

As of 30-Jun, Kinetic Engineering Ltd's stock price is rising, currently at Rs. 279.10, reflecting an increase of 27.1 or 10.75%. The stock has recently hit a new 52-week high of Rs. 284 and has outperformed its sector by 9.54% today. Over the past week, the stock has gained 6.16%, and in the last month, it has surged by 53.44%. Additionally, the stock has shown consistent returns over the last three years, outperforming the BSE 500 in each of the last three annual periods. 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 indicated by a low average Return on Capital Employed (ROCE) of 0.94% and weak debt servicing capabilities.
In the broader market context, Kinetic Engineering Ltd's recent performance has significantly outpaced the Sensex, which has only increased by 2.09% over the past week. The stock's volatility has been high, with an intraday volatility of 5.93%, suggesting active trading. Despite the positive short-term performance, the stock's long-term fundamentals raise caution among investors, particularly due to flat results in March and a low EBIT to Interest ratio. The stock's liquidity remains adequate for trading, but a notable decline in delivery volume by 54.26% against the 5-day average indicates a potential decrease in investor participation, which could impact future price movements.