Why is Sh. Ajit Pulp falling/rising?

As of 23-Sep, Shree Ajit Pulp and Paper Ltd's stock price is currently at 240.05, reflecting an increase of 1.0 (0.42%). The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 1.04%. Despite a narrow trading range of Rs 0.95, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. The company has reported strong financial performance, with a 76.31% growth in net profit and positive results for the last two quarters, contributing to a return of 12.67% over the past year, despite a high Debt to EBITDA ratio indicating some financial risk.
In the broader market context, the stock has outperformed the benchmark Sensex, which has seen a negative return of 0.34% over the past week, while Shree Ajit Pulp and Paper Ltd has declined by 1.86%. However, over the past month, the stock has gained 3.56%, compared to the Sensex's 0.98% increase, indicating a relatively strong performance. The company's ability to generate returns despite a challenging market environment, along with its attractive valuation compared to peers, supports its recent price movement, although concerns about debt servicing and long-term growth remain pertinent.