Why is Solara Active falling/rising?

As of 01-Jul, Solara Active Pharma Sciences Ltd is experiencing a rise in its stock price, currently at 654.35, reflecting an increase of 19.95 or 3.14%. The stock has shown strong performance today, outperforming its sector by 3.35% and achieving a consecutive gain over the last two days with a total return of 5.99%. It reached an intraday high of Rs 664.45, and it is trading above all its moving averages, indicating positive momentum. Additionally, the company has reported positive results for the last three consecutive quarters, with a significant growth in profit after tax and a high return on capital employed, which contributes to its attractive valuation compared to peers. However, there are concerns regarding its long-term fundamental strength, including a high debt to EBITDA ratio and a significant percentage of pledged promoter shares.
In the broader market context, Solara's short-term performance has significantly outpaced the benchmark, with a 1-week return of +18.64% compared to the Sensex's +2.00%. Over the past month, the stock has also outperformed the benchmark with a return of +37.07% against the Sensex's +2.76%. Despite these positive short-term trends, the stock has underperformed year-to-date with a -3.20% return, while the Sensex has gained +7.11%. This contrast highlights the stock's volatility and the mixed signals from its financial health, which may influence investor sentiment moving forward.