Why is Popular Vehicles falling/rising?

As of 10-Jun, Popular Vehicles & Services Ltd is experiencing a price increase, currently at Rs 128.00, reflecting a rise of Rs 2.7 or 2.15%. The stock has shown positive momentum, gaining 5.79% over the last three days and outperforming its sector by 2.23% today. Despite a year-to-date decline of 17.42% and a significant drop of 41.49% over the past year, the stock's recent performance is bolstered by a healthy long-term growth outlook, with net sales increasing at an annual rate of 15.20% and operating profit at 18.12%. However, the company faces challenges, including a high Debt to EBITDA ratio of 5.74 times and negative results over the last three quarters, which may weigh on investor sentiment.
In the broader market context, the stock's short-term return of 5.00% over the past week outpaces the Sensex's gain of 2.05%, indicating a stronger performance relative to the benchmark. While the stock has underperformed the market significantly over the past year, the recent uptick in investor participation, as evidenced by a 93.76% increase in delivery volume, suggests a potential shift in market perception. Nonetheless, the overall negative returns and the company's financial struggles could still pose risks to sustained upward momentum in the stock price.