Why is Mukand falling/rising?

As of 28-Oct, Mukand Ltd's stock price is currently at 139.45, reflecting an increase of 6.95, or 5.25%. The stock has been on an upward trend, gaining 8.06% over the last three days and outperforming its sector by 3.47% today. It has also shown strong performance in the past week and month, with returns of 7.52% and 7.81%, respectively. Despite a slight decline of 0.82% over the past year, the stock is trading at a discount compared to its peers, which may attract investors. However, the company has faced challenges, including a significant drop in profits and a high Debt to EBITDA ratio, which could raise concerns about its long-term financial health.
In the broader market context, Mukand's short-term performance has significantly outpaced the Sensex, which only increased by 0.24% over the past week. This suggests that investor sentiment towards Mukand is relatively positive compared to the overall market. The rising investor participation, evidenced by a 48.69% increase in delivery volume, indicates growing interest in the stock, despite the lack of domestic mutual fund investment, which may reflect caution regarding the company's fundamentals. Overall, while Mukand's recent price increase is supported by short-term gains and attractive valuations, underlying financial weaknesses may temper long-term investor confidence.