Why is Pennar Industrie falling/rising?

As of 30-Jun, Pennar Industries Ltd's stock price is rising, currently at 241.25, reflecting an increase of 10.2, or 4.41%. Today's price summary indicates that the stock has outperformed its sector by 4.41% and has gained after two consecutive days of decline. It opened with a gain of 3.22% and reached an intraday high of Rs 242.35. The stock has shown strong performance over various periods, with a 1-year return of 43.01% and a staggering 566.44% over the last three years. Positive factors contributing to this rise include the company's consistent financial performance, with positive results for the last four quarters, a high return on capital employed, and a fair valuation compared to peers. However, there are concerns regarding long-term fundamental strength, particularly a high debt to EBITDA ratio and low domestic mutual fund participation, which may affect investor confidence.
In the broader market context, Pennar Industries has significantly outperformed the benchmark Sensex, which has only increased by 2.09% over the past week, compared to the stock's rise of 7.89%. This trend continues over the last month, where the stock rose by 13.16% against the Sensex's 2.65%. The strong returns relative to the benchmark suggest that investor sentiment towards Pennar Industries remains positive, despite some underlying concerns regarding its long-term fundamentals.