Why is Lehar Footwears falling/rising?

As of 20-Aug, Lehar Footwears Ltd's stock price is rising, currently at Rs 287.70, reflecting an increase of Rs 13.5 or 4.92%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and has outperformed its sector by 4.51% today. It reached an intraday high of Rs 289.9, and is trading above all key moving averages, indicating strong momentum. Over the past week, the stock has increased by 2.75%, and it has delivered a remarkable year-to-date return of 15.08%. The company's strong financial performance, including a 44.25% growth in net profit and consistent positive results over the last two quarters, supports its upward movement. However, a significant drop in delivery volume by 80.1% compared to the five-day average indicates a potential concern regarding investor participation.
In the broader market context, Lehar Footwears has outperformed the Sensex, which has only increased by 1.64% over the past week. This outperformance is further highlighted by the stock's impressive three-year return of 387.21% compared to the benchmark's 37.24%. Despite the positive growth indicators, the company faces risks such as a high Debt to EBITDA ratio of 3.82 times, which could impact its ability to service debt. Nevertheless, the stock's fair valuation relative to peers and its consistent returns over the past three years suggest a strong investment case, contributing to its recent price rise.