Why is Lahoti Overseas falling/rising?

As of 30-Jun, Lahoti Overseas Ltd is experiencing a price increase, currently at Rs 49.20, reflecting a rise of Rs 2.61 or 5.6%. The stock has shown strong performance today, outperforming its sector by 3.21% and achieving a consecutive gain over the last three days with a total return of 7.87%. It reached an intraday high of Rs 51, indicating significant upward momentum. Over the past week, the stock has risen by 9.58%, and in the last month, it has increased by 20.03%. The company's low Debt to EBITDA ratio of 1.11 times and positive profit after tax results of Rs 8.85 crore in the last six months contribute to its attractive valuation, further supporting the stock's upward trend.
In the broader market context, while Lahoti Overseas has outperformed the Sensex in the short term, with a 1-week return of 9.58% compared to the Sensex's 2.09%, it has lagged behind in longer-term performance, with a year-to-date return of 4.70% against the Sensex's 7.00%. The stock's high volatility today, with an intraday volatility of 5.09%, reflects active trading and investor interest, likely driven by rising participation, as indicated by a 14.73% increase in delivery volume. Overall, the combination of strong financial metrics, positive market sentiment, and robust short-term performance relative to the benchmark has contributed to the stock's rising price.