Why is Mac Charles(I) falling/rising?

As of 21-Aug, Mac Charles (India) Ltd is experiencing a slight increase in its stock price, currently at 719.00, reflecting a change of 1.0 (0.14%) upward. The stock has shown strong performance recently, with a 4.04% increase over the past week and a notable 22.91% rise over the last month, significantly outperforming the Sensex, which has seen a decline of 0.24% in the same period. Today's trading session opened with a gain of 2.49%, reaching an intraday high of Rs 735.9, although it also touched a low of Rs 700. The stock is trading above its moving averages across various time frames, and there has been a rise in investor participation, with delivery volume increasing by 18.18% against the 5-day average. However, despite these positive indicators, the company faces challenges such as a high debt-to-equity ratio and a negative EBITDA, which could impact investor sentiment.
In the broader market context, while the BSE500 has generated negative returns of -1.56% over the past year, Mac Charles has managed to achieve a return of 23.91%, indicating strong relative performance. This resilience in the face of broader market challenges may contribute to the stock's upward movement. However, the company's high debt levels and low profitability per unit of capital raise concerns about its long-term fundamental strength, which could temper enthusiasm among investors. The significant percentage of pledged promoter shares also adds a layer of risk, particularly in volatile market conditions, potentially influencing stock price dynamics.