Why is Kinetic Engg. falling/rising?

As of 18-Jul, Kinetic Engineering Ltd's stock price is rising, currently at Rs. 353.00, reflecting an increase of Rs. 23.25 or 7.05%. The stock has reached a new 52-week high of Rs. 357 today and has been on an upward trend, gaining 36.32% over the last eight days. It has consistently outperformed its sector by 8.14% today and is trading above all key moving averages. Additionally, the stock has shown impressive returns over various periods, including a 113.29% increase year-to-date and a remarkable 401.78% rise over the last three years. Positive factors contributing to this rise include increased promoter confidence, with a 2.17% stake increase, and consistent returns that have outperformed the BSE500 in the last three years. However, there are concerns regarding the company's long-term fundamental strength, highlighted 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 short-term performance has significantly outpaced the benchmark, with a 30.98% increase over the past week compared to a decline of 0.90% in the Sensex. This stark contrast indicates strong investor interest and confidence in Kinetic Engineering amidst a generally weak market. While the stock has shown impressive short-term gains, the underlying concerns regarding its long-term growth and profitability metrics may pose risks that investors should consider.