Why is Tirupati Forge falling/rising?

As of 24-Jun, Tirupati Forge Ltd is experiencing a price increase, currently at 46.71, reflecting a rise of 2.22 or 4.99%. The stock has shown strong performance recently, outperforming its sector by 4.69% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 16.92%, and in the last month, it has risen by 21.67%. Despite a year-to-date decline of 23.09%, the stock has generated impressive returns of 91.43% over the past year and 364.78% over the last three years. The company also demonstrates a strong ability to service its debt, with a low Debt to EBITDA ratio of 1.07 times, and has shown healthy long-term growth with net sales increasing at an annual rate of 39.05%.
In the broader market context, Tirupati Forge's recent performance significantly outpaces the Sensex, which has only increased by 0.77% over the same week and month. While the stock's long-term performance is commendable, it faces challenges due to negative results reported for March 25, including a decline in PAT and net sales. Additionally, despite a strong return over the past year, the company's profits have only risen by 18.2%, leading to concerns about its valuation, which is considered expensive relative to its peers. Overall, the stock's recent upward movement can be attributed to its strong performance metrics and growth potential, despite the underlying financial challenges.