Why is The Hi-Tech Gear falling/rising?

As of 11-Jun, The Hi-Tech Gears Ltd is experiencing a price increase, currently at Rs 799.00, reflecting a rise of Rs 49.0 or 6.53%. The stock has shown strong performance today, outperforming its sector by 6.2% and achieving a consecutive gain over the last seven days, resulting in a total return of 27.77% during this period. It opened with a gain of 6.27% and reached an intraday high of Rs 799.4. However, despite this positive movement, the stock has a negative return of -22.10% over the past year, and its profits have decreased by -16.9%. The stock is trading at a discount compared to its peers, but it also faces challenges such as a high Debt to EBITDA ratio and weak long-term growth indicators.
In the broader market context, The Hi-Tech Gears Ltd has significantly outperformed the benchmark Sensex in the short term, with a 1-week return of +22.55% compared to the Sensex's +1.87%. While the stock has shown impressive short-term gains, it has underperformed the market over the past year, where the Sensex has generated returns of +7.92%. This disparity highlights the stock's volatility and the potential concerns investors may have regarding its long-term fundamentals, as indicated by the lack of domestic mutual fund investment and the company's weak financial performance in recent quarters.