Why is Mac Charles(I) falling/rising?

As of 13-Aug, Mac Charles (India) Ltd is experiencing a price increase, currently at 729.90, reflecting a rise of 16.65 or 2.33%. The stock has shown strong performance recently, gaining 4.23% over the last two days and opening with a gain of 3.68% today. It has outperformed the benchmark Sensex over various periods, including a 24.98% return over the past year, despite the broader market's negative performance. The company has also reported positive results after four consecutive negative quarters, with significant increases in operating profit and net sales, which have likely contributed to the stock's upward movement.
In the broader market context, while the Sensex has remained relatively flat with a change of -0.01% over the past week, Mac Charles has outperformed it with a 3.92% gain. However, it is important to note that the stock has underperformed its sector by 1.85% today, indicating some volatility. Additionally, the company faces challenges such as a high debt-equity ratio and a low ability to service debt, which may pose risks to its long-term performance. Despite these concerns, the rising investor participation and liquidity suggest a positive sentiment around the stock, contributing to its current price rise.