Why is Nutech Global falling/rising?

As of 22-Jul, Nutech Global Ltd's stock price is rising, currently at Rs 30.16, reflecting an increase of 1.43 (4.98%). The stock has shown strong performance recently, gaining 27.53% over the past week and 30.96% over the past month. It has outperformed its sector by 5.41% today and has been on a consecutive gain streak for the last five days. Additionally, the stock is trading above all its moving averages, indicating a positive trend. Despite a significant return of 67.18% over the past year, the company has faced challenges, including a -20% decline in profits, which raises concerns about its long-term fundamental strength.
In the broader market context, Nutech Global's short-term performance contrasts sharply with the Sensex, which has declined by 0.47% over the past week and 0.27% over the past month. This indicates that Nutech Global is not only performing well on its own but is also gaining traction against a backdrop of a generally declining market. While the stock's attractive valuation and liquidity support its rise, the high Debt to EBITDA ratio and declining operating profits suggest caution for potential investors. Overall, the stock's recent upward movement is driven by strong short-term performance and investor interest, despite underlying fundamental weaknesses.