Why is Lakhotia Poly. falling/rising?

As of 03-Sep, Lakhotia Polyesters (India) Ltd is experiencing a significant rise in its stock price, currently at Rs 50.04, reflecting an increase of 8.04 or 19.14%. The stock has recently hit a new 52-week high of Rs 51.66 and has shown strong performance by outperforming its sector by 18.19%. Over the past week, it has gained 37.02%, contributing to a year-to-date return of 25.13%. The company has reported positive results for the last four consecutive quarters, with net sales growing by 134.03% and a remarkable increase in profit after tax of 1,337.50%. However, there are concerns regarding its long-term fundamental strength, particularly a negative CAGR growth in operating profits over the last five years and a high debt to EBITDA ratio, which may pose risks to its valuation.
In the broader market context, Lakhotia Polyesters has significantly outperformed the benchmark, with a one-week return of +28.14% compared to the Sensex's slight decline of -0.27%. This trend of outperformance is consistent over the past month and year, where the stock has shown positive returns while the broader market has struggled. Despite the overall negative performance of the BSE500, which has generated returns of -4.38% in the last year, Lakhotia Polyesters has managed to achieve a remarkable 56.33% return, indicating strong investor confidence and participation in the stock.