Why is Mukand falling/rising?

As of 09-Jun, Mukand Ltd's stock price is currently at Rs 123.50, reflecting an increase of Rs 5.9 or 5.02%. The stock has shown a strong performance today, outperforming its sector by 4.35% and reaching an intraday high of Rs 124.7. Over the past week, the stock has gained 6.51%, and in the last month, it has risen by 27.12%. However, despite these short-term gains, the stock has experienced a decline of 19.20% over the past year, indicating a significant underperformance compared to the broader market. The company's return on capital employed (ROCE) stands at 9.4, suggesting an attractive valuation, but its profits have decreased by 26% over the past year, contributing to a mixed outlook.
In the broader market context, Mukand Ltd's recent short-term performance contrasts sharply with the benchmark Sensex, which has only increased by 1.32% over the past week and 3.76% over the past month. This indicates that while Mukand is experiencing a rise in stock price, it is doing so against a backdrop of overall market stability. However, the stock's long-term fundamentals are concerning, with a weak ROCE of 5.63% and a high Debt to EBITDA ratio of 5.83 times, which raises questions about its sustainability. Additionally, the stock has consistently underperformed against the benchmark over the last three years, which may temper investor enthusiasm despite the recent price increase.