Why is Sapphire Foods falling/rising?

As of 17-Jul, Sapphire Foods India Ltd is experiencing a price increase, currently at Rs 341.75, reflecting a rise of 7.75 or 2.32%. The stock has been on an upward trend, gaining for the last three days with a total return of 3.54% during this period. It has outperformed its sector by 2.41% today and reached an intraday high of Rs 349.55, which is a 4.66% increase. Over the past week, the stock has shown a return of 1.20%, and over the last month, it has increased by 6.22%. Despite a year-to-date return of 2.01%, the stock has generated a notable return of 10.31% over the past year, significantly outperforming the broader market's return of 0.26%. Positive factors contributing to this rise include an attractive valuation with a return on capital employed (ROCE) of 4.6, high institutional holdings at 68.92%, and a trading discount compared to peers. However, the stock's profits have fallen by 34.6% over the past year, indicating some underlying weaknesses.
In the broader market context, Sapphire Foods has outperformed the benchmark index, the Sensex, which has declined by 1.12% over the past week. The stock's strong performance relative to the market can be attributed to rising investor participation, as evidenced by a 26.5% increase in delivery volume compared to the five-day average. Additionally, the stock is trading above all key moving averages, indicating positive momentum. However, it is important to note that the company faces challenges, such as a weak long-term fundamental strength and a high debt-equity ratio of 0.92 times, which could impact future performance. Overall, while the stock is currently rising, investors should remain cautious due to these underlying concerns.