Why is Ruchira Papers falling/rising?

As of 19-Sep, Ruchira Papers Ltd is experiencing a price increase, currently at Rs. 168.95, reflecting a rise of 0.8 (0.48%). The stock has recently hit a new 52-week high of Rs. 173 and has outperformed its sector by 0.78%. Over the past week, Ruchira Papers has gained 12.52%, and it has been on a consecutive gain streak for the last five days. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Additionally, the company has demonstrated robust financial health with a low Debt to EBITDA ratio of 1.07 times, a significant annual growth rate of 54.57% in operating profit, and positive results over the last four quarters, including a PAT of Rs. 51.86 Cr and record net sales of Rs. 168.53 Cr.
In the broader market context, Ruchira Papers has significantly outperformed the benchmark, with a year-to-date return of 31.07% compared to the Sensex's 5.74%. This strong performance is particularly notable given that the BSE500 has generated negative returns of -1.96% over the past year, while Ruchira Papers has achieved a return of 27.22%. However, it is worth noting that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation or business prospects despite its strong performance metrics.