Why is Nutech Global falling/rising?

As of 30-Jun, Nutech Global Ltd's stock price is rising, currently at Rs 30.71, reflecting an increase of 1.46 (4.99%). The stock has demonstrated strong performance, gaining 61.89% over the last 10 days and outperforming its sector by 4.15% today. It opened with a gain of 4.99% and reached an intraday high of Rs 30.71. Additionally, the stock has consistently traded above its moving averages across various time frames, indicating positive momentum. Despite a significant return of 53.63% over the past year, the company has faced challenges with a -20% decline in profits, which may temper investor enthusiasm. The stock's attractive valuation, trading at a discount compared to peers, alongside rising investor participation, has contributed to its upward movement.
In the broader market context, Nutech Global's short-term return of +27.43% over the past week significantly outpaces the Sensex's +2.09% during the same period, highlighting its strong performance relative to the benchmark. This trend of outperformance is consistent, as the stock has also surpassed the BSE 500 in returns over the last three years and one year. However, the company faces long-term fundamental challenges, including a high Debt to EBITDA ratio and a declining trend in operating profits, which could impact future performance. Despite these concerns, the current market sentiment appears to favor Nutech Global, as evidenced by its recent price movements and investor interest.