Why is Stove Kraft falling/rising?

As of 28-Oct, Stove Kraft Ltd is experiencing a price increase, currently at Rs 751.60, which reflects a rise of Rs 40.55 or 5.7%. The stock has shown strong performance today, outperforming its sector by 7.22% and has gained consecutively over the last two days, with a total return of 6.94% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a year-to-date decline of 13.61% and a one-year return of -9.45%, the company has demonstrated a robust ability to service its debt with a low Debt to EBITDA ratio of 0.63 times, and its profits have increased by 19.3% over the past year, contributing to a fair valuation compared to peers.
In the broader market context, Stove Kraft's short-term return of 6.48% over the past week significantly outpaces the Sensex, which has only risen by 0.24% during the same period. This indicates a strong relative performance against the benchmark. However, it is important to note that the stock has underperformed over the longer term, with a three-year return of 15.62% compared to the Sensex's 41.14%. The company faces challenges such as poor long-term growth, with operating profit declining at an annual rate of -6.94% over the last five years, and flat results in recent quarters, which may impact investor sentiment moving forward.