Why is Time Technoplast falling/rising?

As of 17-Jul, Time Technoplast Ltd. is experiencing a rise in its stock price, currently at 472.15, reflecting an increase of 20.15 or 4.46%. The stock has shown strong performance today, outperforming its sector by 3.86% and reaching an intraday high of Rs 476.9. Over the past week, the stock has gained 5.24%, while its one-month return stands at 6.36%. Despite a year-to-date decline of 4.34%, the stock has delivered a remarkable 36.46% return over the past year and an impressive 332.77% over the last three years. The company's strong financial metrics, including a low Debt to EBITDA ratio of 1.34 times and consistent positive results for the last seven quarters, contribute to its favorable valuation compared to peers. However, there is a noted decline in investor participation, with delivery volume falling by 7.07% against the five-day average.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. This indicates that Time Technoplast is not only performing well relative to its sector but also against the general market trend. The company's high institutional holdings at 21.06% suggest confidence from knowledgeable investors, further bolstering its stock price. However, the long-term growth concerns, particularly the modest annual net sales growth of 8.81% over the last five years, could pose risks to sustained upward momentum. Overall, the combination of strong recent performance, solid financial health, and institutional backing supports the stock's rise, despite some underlying growth concerns.