Why is Shah Metacorp falling/rising?

As of 04-Jul, Shah Metacorp Ltd is experiencing a price increase, currently at 4.15, reflecting a change of 0.23 or 5.87% upward. The stock has outperformed its sector today by 6.51% and has shown a consecutive gain over the last two days, with a total return of 6.41% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company has reported strong financial performance, with a 210.96% growth in profit after tax and a 49.76% increase in net sales over the last six months. Furthermore, the promoters have increased their stake by 3.9%, signaling confidence in the company's future.
In the broader market context, Shah Metacorp's short-term return of 3.23% over the past week contrasts sharply with the Sensex, which has declined by 0.74%. While the stock has shown a year-to-date decline of 6.74%, it has outperformed the benchmark in the short term and over the last month, where it gained 33.01% compared to the Sensex's 3.01% increase. Despite some concerns regarding long-term fundamental strength, such as a low average return on capital employed and a high debt-to-EBITDA ratio, the recent positive financial results and rising investor participation have contributed to the stock's upward movement.