Why is Orient Ceratech falling/rising?

As of 04-Jul, Orient Ceratech Ltd's stock price is currently at Rs 41.55, reflecting an increase of Rs 4.48 or 12.09%. The stock has shown strong performance recently, gaining 17.04% over the past week and outperforming its sector by 12.54% today. It opened with a gain of 3.56% and reached an intraday high of Rs 42.68. Despite a year-to-date decline of 20.10% and a one-year return of -24.29%, the company demonstrates a strong ability to service debt with a low Debt to EBITDA ratio of 1.47 times and healthy long-term growth with an annual operating profit increase of 47.95%. However, it faces challenges with a low ROCE of 4.63% and has underperformed the market significantly over the past year.
In the broader market context, while the Sensex has gained 3.01% over the past month, Orient Ceratech's stock has outperformed with a 15.10% increase during the same period. This indicates a positive divergence in the short term, despite the stock's longer-term struggles. The recent rise in investor participation, with a notable increase in delivery volume, suggests growing interest in the stock, which may be contributing to its upward price movement. However, the company's profitability concerns and historical underperformance compared to the broader market remain significant factors that investors should consider.