Why is Macfos falling/rising?

As of 15-Oct, Macfos Ltd's stock price is rising, currently at 800.00, reflecting an increase of 42.0 or 5.54%. The stock has shown strong performance recently, outperforming its sector by 4.39% today and achieving a consecutive gain over the last two days with a total return of 6.87%. In the past week, the stock has risen by 9.79%, while over the past month, it has increased by 8.73%. The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.64 times, and has reported positive results for the last four consecutive quarters, with net sales growing at an annual rate of 75.10% and operating profit at 76.70%. However, despite these positive indicators, the stock's valuation appears expensive, with a high enterprise value to capital employed ratio of 8.6, which may raise concerns among investors.
Broader market context shows that while Macfos has performed well in the short term, its year-to-date return is significantly lower at -40.33%, compared to a positive 5.72% return for the Sensex. This stark contrast indicates that despite recent gains, the stock has struggled over a longer timeframe. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, may suggest a lack of confidence in the stock's valuation or business prospects, potentially impacting broader investor sentiment. Overall, while Macfos Ltd is currently experiencing a rise in its stock price, the longer-term performance and market perceptions present a mixed outlook.