Why is Manaksia Coated falling/rising?

As of 03-Nov, Manaksia Coated Metals & Industries Ltd is experiencing a price increase, currently at Rs 164.20, reflecting a rise of Rs 11.35 or 7.43%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline, outperforming its sector by 6.94%. The stock reached an intraday high of Rs 165, and despite a significant drop in delivery volume, it remains liquid enough for trading. Over the past month, the stock has shown a strong return of 17.96%, and its impressive yearly return of 165.40% highlights its robust performance. Positive factors contributing to this rise include healthy long-term growth, with operating profit increasing at an annual rate of 31.94%, and the company declaring positive results for the last two quarters, which has bolstered investor confidence.
In the broader market context, while the Sensex has seen a slight decline of 0.94% over the past week, Manaksia Coated's performance stands out with a notable increase, indicating strong investor interest despite the overall market conditions. The stock's ability to generate consistent returns over the past three years, coupled with its attractive valuation compared to peers, suggests that investors are optimistic about its future prospects. However, the company does face risks, such as a high Debt to EBITDA ratio, which may raise concerns about its ability to service debt, and the lack of domestic mutual fund investment could indicate a cautious sentiment among institutional investors.