Why is Remi Edelstahl falling/rising?

As of 10-Jul, Remi Edelstahl Tubulars Ltd is experiencing a price increase, currently trading at 96.90, which reflects a rise of 0.91 or 0.95%. The stock has shown a positive trend, gaining for the last three consecutive days with a total return of 7.63% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has reported positive results for the last three quarters, with net sales growing by 21.77% and a return on capital employed (ROCE) at its highest of 8.04%. Despite a year-to-date decline of 5.00%, the stock's profits have increased significantly by 96.4%, contributing to a favorable PEG ratio of 0.4, suggesting it is undervalued compared to peers.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of 3.09% compared to a slight decline of 0.06% for the benchmark. This indicates that investor sentiment towards Remi Edelstahl is relatively strong, particularly in light of rising investor participation, as evidenced by a 24.58% increase in delivery volume. However, it is important to note that the company faces challenges with long-term fundamental strength, including a high debt to EBITDA ratio and modest growth rates in net sales and operating profit over the past five years. These factors could pose risks to sustained performance, but the current positive momentum suggests a favorable short-term outlook.