Why is Modi Naturals falling/rising?

As of 24-Sep, Modi Naturals Ltd is experiencing a price increase, currently at Rs 472.90, reflecting a rise of Rs 16.35 or 3.58%. Today's price summary indicates that the stock reached an intraday high of Rs 472.90, while it also touched a low of Rs 433.30, showing volatility within the trading day. Despite underperforming its sector by 0.56%, the stock has demonstrated a strong performance over the past year, generating a return of 29.46%, significantly outperforming the broader market, which has seen negative returns of 3.77%. The company has reported positive results for the last six consecutive quarters, with a notable growth in net profit and operating profit, contributing to its attractive valuation despite some concerns regarding management efficiency and debt servicing capabilities.
In the broader market context, while the stock has shown resilience with a year-to-date decline of only 10.58% compared to the Sensex's gain of 4.58%, it has outperformed the benchmark over the past year. The stock's recent price movement can be attributed to rising investor participation, as evidenced by a significant increase in delivery volume, indicating growing interest among investors. However, the company's high debt-to-EBITDA ratio and low return on equity may raise concerns among potential investors, suggesting that while the stock is currently rising, there are underlying risks that could impact its future performance.