Why is Mangalam Global falling/rising?

As of 12-Jun, Mangalam Global Enterprise Ltd is experiencing a price increase, currently at 13.50, which reflects a rise of 0.73 or 5.72%. The stock has shown a positive trend today, outperforming its sector by 6.1% and reversing a two-day decline. Over the past week, the stock has gained 9.76%, while it has increased by 4.17% over the past month. However, it is important to note that the stock has a year-to-date decline of 5.50%. The company's return on capital employed (ROCE) stands at 10.2, indicating an attractive valuation, although it is trading at a discount compared to its peers. Despite a 22.9% increase in profits over the past year, the stock's weak long-term fundamentals, including a high debt-to-EBITDA ratio and negative quarterly results, suggest caution for investors.
In the broader market context, the Sensex has only increased by 0.31% over the past week, indicating that Mangalam Global's performance is significantly stronger in the short term compared to the benchmark. While the stock's recent gains are notable, the overall market sentiment remains mixed, with the Sensex showing a decline of 0.90% over the past month. The liquidity of the stock is adequate for trading, but a significant drop in delivery volume by 74.25% against the five-day average raises concerns about investor participation. Overall, while the stock is currently rising, the underlying fundamentals and market conditions suggest a cautious outlook.