Why is Munjal Auto Inds falling/rising?

As of 26-Aug, Munjal Auto Industries Ltd is experiencing a price increase, currently at Rs 89.70, reflecting a change of 1.37 or 1.55% upward. The stock has shown strong performance recently, gaining 19.31% over the last six days and outperforming its sector by 2.36% today. It reached an intraday high of Rs 93.62, indicating robust investor interest, as evidenced by a significant increase in delivery volume, which rose by 176.36% compared to the five-day average. Despite a year-to-date decline of 7.95%, the company has demonstrated a healthy long-term growth potential, with an operating profit growth rate of 53.68%. The stock is also trading at a discount compared to its peers, and its high dividend yield of 3.4% adds to its attractiveness.
In the broader market context, while the Sensex has declined by 1.05% over the past week, Munjal Auto Industries has outperformed this benchmark with a return of 13.99%. This contrast highlights the stock's resilience in a challenging market environment. The company's low debt-to-EBITDA ratio of 1.12 times suggests a strong ability to service its debt, which may instill confidence among investors. However, it is important to note that despite the recent gains, the stock has faced a significant decline of 19.95% over the past year, coinciding with a 53.5% drop in profits, indicating that while the stock is currently rising, underlying challenges remain.