Why is NLC India falling/rising?

As of 23-Jul, NLC India Ltd. is experiencing a rise in its stock price, currently at Rs 244.50, reflecting an increase of 3.3 points or 1.37%. The stock has shown strong performance in the short term, gaining 6.05% over the last two days and outperforming its sector by 0.99%. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Furthermore, the company reported significant growth in its latest six-month performance, with a profit after tax of Rs 1,150.05 crore, up 215.38%, and net sales of Rs 8,247.46 crore, up 23.00%. However, the stock has underperformed over the past year with a decline of 8.27%, despite a notable increase in profits, which suggests a disconnect between market perception and financial performance.
In the broader market context, NLC India's recent short-term return of 2.62% over the past week significantly outpaces the Sensex's modest gain of 0.11%. This indicates that investor sentiment towards NLC India is improving relative to the overall market. The stock's high institutional holdings at 21.5% may also contribute to its stability and growth potential, as these investors typically conduct thorough analyses of company fundamentals. However, concerns remain regarding the company's high Debt to EBITDA ratio of 5.83 times and low long-term growth rates, which could pose risks to its future performance. Overall, while the stock is currently rising, its long-term outlook remains mixed due to these underlying financial challenges.