Why is Sagardeep Alloys falling/rising?

As of 01-Oct, Sagardeep Alloys Ltd's stock price is currently at 28.56, reflecting an increase of 2.15, or 8.14%. The stock has outperformed its sector today by 8.18%, and it is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. Over the past week, the stock has shown a return of +9.72%, contrasting with a decline of -0.88% in the Sensex. Positive factors contributing to this rise include a significant increase in profits, with a 116% rise over the past year, and a favorable PEG ratio of 0.2, indicating attractive valuation compared to peers. However, the stock faces challenges such as a high Debt to EBITDA ratio and weak long-term fundamental strength, which may temper investor enthusiasm.
Broader Market Context: In the short term, Sagardeep Alloys has significantly outperformed the benchmark Sensex, which has declined by -0.88% over the same period. While the stock has shown a modest year-to-date return of +1.35%, the Sensex has performed better with a +5.04% increase. This disparity highlights the stock's recent strength relative to the broader market, despite its long-term struggles reflected in a -32.81% decline over the past five years compared to the Sensex's +117.54% gain. The current liquidity situation, with a notable drop in delivery volume, suggests that while the stock is experiencing a positive price movement, investor participation may be waning, which could impact future performance.