Why is Refex Industries falling/rising?

As of 24-Jun, Refex Industries Ltd's stock price is currently at Rs 463.10, reflecting an increase of Rs 14.9, or 3.32%. The stock opened with a gain of 2.63% today and reached an intraday high of Rs 463.65. Despite a recent decline of 2.19% over the past week, the stock has shown strong performance over the past month with a rise of 14.13%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 0.67 times and consistent growth in net sales and operating profit. Positive results over the last four consecutive quarters, including a significant net sales growth of 83.37%, contribute to the stock's upward movement, although there has been a noted decrease in investor participation.
In the broader market context, while Refex Industries has outperformed its sector by 5.1% today, it has lagged behind the benchmark Sensex, which has gained 0.58% over the past week. Year-to-date, the stock has decreased by 4.01%, contrasting with the Sensex's increase of 5.01%. However, over the longer term, Refex Industries has significantly outperformed the benchmark, with a remarkable 187.82% return over the past year and an impressive 2126.44% return over the past three years. This long-term performance indicates strong investor confidence, despite the recent fluctuations in short-term returns.