Why is Riddhi Corporate falling/rising?

As of 11-Jun, Riddhi Corporate Services Ltd is experiencing a price increase, currently at 65.40, reflecting a change of 2.7 or 4.31% upward. The stock has shown strong performance recently, gaining 12.04% over the last four days and outperforming its sector by 4.65% today. It opened with a gain of 3.19% and reached an intraday high of Rs 65.9, indicating positive momentum. The company has reported significant growth in net profit, with a 185.54% increase, and has declared positive results for the last three consecutive quarters. However, despite these positive indicators, the stock has underperformed over the longer term, with a 22.36% decline in the past year.
In the broader market context, Riddhi Corporate's short-term performance of 12.01% over the past month significantly outpaces the Sensex's 3.85% increase during the same period. This suggests that while the stock is currently gaining traction, it has struggled in the longer term, as evidenced by its negative returns over the past year and three years compared to the benchmark. The stock's attractive valuation, trading at a discount to peers, and rising investor participation may be contributing to its recent gains, but concerns about long-term fundamental strength and high debt levels remain relevant factors that could impact future performance.