Why is Sagardeep Alloys falling/rising?

As of 06-Oct, Sagardeep Alloys Ltd is experiencing a slight increase in its stock price, currently at 30.41, reflecting a change of 0.05 or 0.16% upward. The stock has shown strong performance in recent periods, with a 1-week return of 13.94% and a 1-month return of 14.15%, significantly outperforming the benchmark Sensex, which recorded only 1.80% and 1.36% returns respectively. Today's trading activity indicates a positive trend, as the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 871.86% against the 5-day average. Positive financial results, including a higher profit after tax and a strong return on capital employed, contribute to the stock's favorable valuation compared to peers.
In the broader market context, while the BSE500 has generated negative returns of -1.93% over the past year, Sagardeep Alloys has managed to achieve a return of 11.97%, showcasing its resilience in a challenging market environment. This performance is further supported by the company's attractive valuation metrics, including a low PEG ratio of 0.2, indicating potential for growth. However, it is important to note that there are concerns regarding the company's long-term fundamental strength, particularly its high debt to EBITDA ratio, which may impact its ability to service debt in the future. Despite these challenges, the stock's recent upward movement appears to be driven by strong short-term performance and positive investor sentiment.