Why is Mitsu Chem Plast falling/rising?

As of 07-Nov, Mitsu Chem Plast Ltd's stock price is rising, currently at 112.10, reflecting an increase of 14.85 or 15.27%. Today, the stock has outperformed its sector by 15.39%, marking a trend reversal after four consecutive days of decline. It opened with a significant gain of 19.28% and reached an intraday high of Rs 116. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum. Despite a one-year return of -10.25% and a decline in profits by 13.1%, the stock is considered attractively valued compared to its peers, although it faces challenges with a high Debt to EBITDA ratio of 2.85 times, which affects its ability to service debt.
In the broader market context, Mitsu Chem Plast's short-term performance has been notably strong, with a 1-week return of +11.05%, contrasting sharply with the Sensex, which has declined by 0.86% in the same period. While the stock has struggled over the long term, underperforming the benchmark over the last three years, its recent price movement suggests a shift in investor sentiment, possibly driven by increased trading volume and liquidity. The stock's volatility today, with an intraday fluctuation of 6.42%, indicates active trading, which may be contributing to its rising price amidst a generally challenging performance history.