Why is Panache Digilife falling/rising?

As of 29-Jul, Panache Digilife Ltd's stock price is currently at 268.00, reflecting an increase of 2.42 (0.91%). The stock has shown strong performance over the past week with a return of +4.70% and has significantly outperformed the benchmark Sensex, which has declined by -0.96% during the same period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported positive results for the last five consecutive quarters, with a higher profit after tax and record net sales, contributing to its recent price movement. However, concerns about long-term fundamental strength persist, as indicated by a relatively low return on capital employed and a high debt-to-EBITDA ratio.
In the broader market context, while the BSE Small Cap index has gained by 1.1%, Panache Digilife's performance has been notably strong, especially over the past year, where it has achieved an impressive return of 81.86% compared to the Sensex's marginal decline of -0.06%. Despite this, the stock's valuation appears expensive relative to its peers, and its growth metrics suggest potential weaknesses in long-term sustainability. The stock's ability to maintain its upward trajectory may be challenged by these underlying concerns, despite its recent positive performance and liquidity in trading.