Why is Precot falling/rising?

As of 24-Jul, Precot Ltd's stock price is currently at 610.95, reflecting an increase of 5.75, or 0.95%. The stock is performing well today, being in line with its sector, and is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Over the past week, the stock has seen a decline of 2.37%, but it has shown strong performance over the longer term, with a 13.63% increase over the past month and a remarkable 22.51% rise over the past year. The company has reported positive results consistently for the last six quarters, with significant growth in operating profit and net sales, contributing to its favorable valuation compared to peers. However, concerns regarding its high Debt to EBITDA ratio and decreasing institutional investor participation may pose risks to its future performance.
In the broader market context, while Precot's stock has experienced a decline of 2.37% over the past week, the benchmark Sensex has only decreased by 0.20% during the same period, indicating that Precot has underperformed relative to the market in the short term. Nonetheless, the stock has outperformed the BSE500 over the last three years, one year, and three months, showcasing its strong long-term growth potential. Despite the recent short-term challenges, the company's healthy operating profit growth and attractive valuation suggest that it remains a compelling investment opportunity, albeit with some caution due to its debt levels and institutional investor sentiment.