Why is NHC Foods falling/rising?

As of 15-Sep, NHC Foods Ltd is currently priced at 1.13, reflecting an increase of 0.03 or 2.73%. The stock has shown a trend reversal, gaining after six consecutive days of decline. Today's performance indicates that it has outperformed its sector by 2.72%, with a notable rise in delivery volume, which increased by 127.02% compared to the five-day average. Despite a significant year-to-date decline of 64.91% and a one-year drop of 49.54%, the company has reported positive results over the last six quarters, including a 48.88% growth in profit after tax and a 27.1% increase in net sales. However, the stock's long-term fundamental strength is questioned due to a high debt-to-EBITDA ratio and an average return on capital employed of 7.81%.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -49.54% against the BSE500's -3.45%. This stark contrast highlights the challenges NHC Foods faces in the market. While the stock's recent gains may indicate a temporary recovery, the overall negative performance over the past year suggests that investors remain cautious. The company's attractive valuation metrics, such as a PEG ratio of 0.4 and a trading discount compared to peers, may provide some support, but the high debt levels and weak long-term fundamentals could continue to weigh on investor sentiment.