Why is Mangalam Global falling/rising?

As of 18-Jul, Mangalam Global Enterprise Ltd is currently priced at 17.25, reflecting an increase of 0.08 or 0.47%. The stock has shown a positive trend recently, gaining 3.17% over the last two days and outperforming its sector by 1.31%. Additionally, it has delivered a strong performance over the past month with a return of 22.08%, while year-to-date returns stand at 20.76%. The stock is trading above its moving averages across various timeframes, indicating bullish momentum. However, despite these positive indicators, the company faces challenges such as a weak long-term fundamental strength with a low Return on Capital Employed (ROCE) of 6.66% and a high Debt to EBITDA ratio of 9.36 times, which may raise concerns among investors.
Broader market context shows that while Mangalam Global has outperformed the Sensex in the short term, with a 1-week return of -1.48% compared to the benchmark's -0.90%, the stock's strong performance over the past month and year-to-date suggests a divergence in investor sentiment. The lack of domestic mutual fund investment, holding only 0% of the company, could indicate a cautious outlook from institutional investors, potentially affecting broader market confidence in the stock. Overall, while the stock is currently rising, underlying financial weaknesses may temper long-term investor enthusiasm.