Why is Kinetic Engg. falling/rising?

As of 16-Jul, Kinetic Engineering Ltd's stock price is rising, currently at Rs. 291.00, reflecting an increase of Rs. 10.95 or 3.91%. The stock has reached a new 52-week high of Rs. 295.9 today and has been on a consecutive gain streak for the last six days, during which it has returned 12.38%. Additionally, the stock has significantly outperformed its sector by 4.03% today. Over the past week, Kinetic Engineering has shown a remarkable return of 12.36%, and its performance over the last month stands at an impressive 41.50%. The rising promoter confidence, with a 2.17% increase in their stake, indicates strong belief in the company's future, while consistent returns over the past three years further bolster investor sentiment.
In the broader market context, Kinetic Engineering's short-term performance contrasts sharply with the Sensex, which has declined by 1.08% over the past week. Despite the stock's strong performance, it faces challenges such as weak long-term fundamental strength, evidenced by a low average Return on Capital Employed (ROCE) of 0.94% and a concerning EBIT to Interest ratio of -0.03. These factors suggest that while the stock is currently rising due to positive short-term indicators and increased investor participation, there are underlying risks that could affect its long-term viability.