Why is Roopa Industries falling/rising?

As of 04-Jul, Roopa Industries Ltd is experiencing a rise in its stock price, currently at Rs 61.00, reflecting an increase of Rs 2.29 or 3.9%. The stock opened with a gain of 4.72% today and reached an intraday high of Rs 61.48. Over the past week, Roopa Industries has outperformed the sector by 3.39%, although it has shown a decline of 4.33% over the past month. Despite a year-to-date drop of 16.44%, the stock has generated a return of 5.55% over the last year, with profits increasing by 33.6%. The company's attractive valuation, indicated by a ROCE of 9.5 and a PEG ratio of 0.7, suggests that it is trading at a discount compared to its peers, which may contribute to the recent upward movement.
In the broader market context, Roopa Industries' short-term performance contrasts with the benchmark Sensex, which has declined by 0.74% over the past week. While the stock has shown positive momentum today, the overall year-to-date performance remains weak compared to the Sensex's gain of 6.77%. Additionally, there are concerns regarding the company's long-term fundamental strength, highlighted by a high Debt to EBITDA ratio and flat results in the most recent quarter. Despite these challenges, the stock's consistent returns over the past three years and its ability to outperform the BSE500 may provide some investor confidence, contributing to the recent price increase.