Why is Popular Vehicles falling/rising?

As of 25-Jun, Popular Vehicles & Services Ltd is experiencing a price increase, currently at Rs 128.10, which reflects a rise of Rs 7.1 or 5.87%. The stock has shown a positive trend recently, gaining 6.57% over the last two days and outperforming its sector by 4.58% today. Despite a significant decline of 48.17% over the past year, the company has reported healthy long-term growth with net sales increasing at an annual rate of 15.20% and operating profit at 18.12%. However, the stock's performance is tempered by a high Debt to EBITDA ratio of 5.74 times and negative results reported for the last three consecutive quarters, which may raise concerns among investors.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of 6.22% compared to the benchmark's 1.61%. While the stock has shown some positive movement recently, it has underperformed significantly over the longer term, with a year-to-date return of -17.35% against the Sensex's 5.91%. The high institutional holdings at 24.39% suggest that more sophisticated investors are monitoring the company's fundamentals closely, which could influence future price movements. Overall, while there are some positive indicators for Popular Vehicles, the underlying financial challenges and recent performance history continue to create a complex outlook for the stock.