Why is Sarveshwar Foods falling/rising?

As of 07-Jul, Sarveshwar Foods Ltd's stock price is currently at 8.58, reflecting an increase of 0.48 or 5.93%. The stock has shown strong performance recently, gaining 20.34% over the last seven days and outperforming its sector by 3.77% today. Additionally, it has outperformed the benchmark Sensex over the past week with a return of +17.53% compared to the benchmark's -0.20%. The company's positive financial results, including a significant growth in net sales and profit, have contributed to this upward movement. However, concerns about high debt levels and a slight decrease in promoter confidence, as indicated by a reduction in their stake, may temper investor enthusiasm.
In the broader market context, while Sarveshwar Foods has experienced a notable rise in the short term, it has underperformed the market over the past year, with a return of -14.46% compared to the Sensex's +4.31%. Despite the current positive momentum, the stock's long-term performance remains a concern, particularly given its high Debt to EBITDA ratio and low return on equity. The FMCG sector's overall gain of 2.16% may also provide a supportive backdrop for Sarveshwar Foods' recent price increase, but the stock's historical underperformance against the benchmark suggests that investors should remain cautious.