Why is Popular Vehicles falling/rising?

As of 26-Jun, Popular Vehicles & Services Ltd is experiencing a rise in its stock price, currently at Rs 132.00, reflecting an increase of Rs 3.9 or 3.04%. The stock has shown strong performance recently, gaining 9.82% over the last three days and outperforming its sector by 2.9% today. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 9.00% and 9.27%, respectively. However, it is important to note that the stock has underperformed significantly over the year, with a decline of 46.55%. Positive factors contributing to the recent price movement include healthy long-term growth in net sales and operating profit, as well as high institutional holdings, which suggest confidence from larger investors. Conversely, the company faces challenges such as a high Debt to EBITDA ratio and negative results over the last three quarters, which could weigh on investor sentiment.
In the broader market context, the stock's short-term performance has been favorable compared to the Sensex, which has returned 2.94% over the past week and 1.92% over the past month. Despite this recent uptick, the stock's year-to-date performance remains concerning, with a decline of 14.84%, while the Sensex has gained 7.19% in the same period. This stark contrast highlights the ongoing struggles of Popular Vehicles despite its recent gains, as it continues to grapple with significant losses and a negative return over the past year, indicating that while the stock is rising in the short term, underlying issues persist that could affect its long-term viability.