Why is NHC Foods falling/rising?

As of 31-Jul, NHC Foods Ltd is experiencing a price increase, currently at 1.18, reflecting a change of 0.03 or 2.61% upward. The stock has shown strong performance recently, with a 6.31% gain over the last three days and a 5.36% increase over the past week, significantly outperforming the Sensex, which has declined by 1.22% in the same period. The company has reported positive financial results for the last five consecutive quarters, with a notable growth in profit after tax and net sales, contributing to a favorable valuation compared to its peers. However, it is important to note that the stock has a weak long-term fundamental strength, indicated by a high debt to EBITDA ratio, which may temper investor enthusiasm.
In the broader market context, NHC Foods has outperformed the benchmark in the short term, with a 1-month return of 16.83% compared to the Sensex's decline of 3.00%. Despite this recent outperformance, the stock has underperformed over the past year, with a return of -40.58% against the market's -0.68%. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence, especially given its high debt levels and weak long-term fundamentals.