Why is Prime Focus falling/rising?

As of 08-Jul, Prime Focus Ltd's stock price is rising, currently at Rs 164.00, reflecting an increase of Rs 2.4 or 1.49%. The stock has shown strong performance recently, with a 9.96% increase over the past week and a remarkable 39.63% rise over the last month. Today's trading saw the stock reach an intraday high of Rs 167.7, although it also dipped to a low of Rs 155.45. Despite a significant drop in delivery volume by 72.52% compared to the five-day average, the stock is trading above its moving averages, indicating positive momentum. The company's recent financial results, including a 176.99% growth in PAT and a low debt-equity ratio of 6.43 times, contribute to its favorable valuation compared to peers, further supporting the stock's upward trajectory.
In the broader market context, Prime Focus has outperformed the Sensex, which only saw a marginal increase of 0.02% over the past week. The stock's strong returns over various periods, including a 19.62% rise year-to-date and a 139.24% increase over three years, highlight its market-beating performance. However, the company faces challenges such as high debt levels and a lack of domestic mutual fund investment, which may indicate concerns about its long-term growth potential. Despite these negatives, the stock's recent performance and positive financial indicators suggest that investor sentiment remains optimistic in the short term.