Why is Tirupati Forge falling/rising?

As of 02-Jul, Tirupati Forge Ltd is experiencing a price increase, currently at 47.34, which reflects a rise of 1.81 or 3.98%. The stock has shown strong performance today, outperforming its sector by 2.91%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 1.48%, and it has significantly outperformed the benchmark Sensex with a 27.95% increase over the past month compared to the Sensex's 2.98%. Despite a year-to-date decline of 22.05%, the stock has generated an impressive 91.89% return over the last year, supported by strong growth in net sales and operating profit. However, it faces challenges due to negative results reported in March, including a decline in net sales and profit after tax.
In the broader market context, Tirupati Forge's short-term return of 1.48% over the past week surpasses the Sensex's return of 0.83%, indicating a favorable performance relative to the market. The company's ability to service debt is strong, with a low Debt to EBITDA ratio, and it has demonstrated healthy long-term growth. Nevertheless, the stock's valuation appears expensive compared to its peers, which may raise concerns among investors. Overall, the combination of strong recent performance, positive growth metrics, and the ability to outperform the sector contributes to the stock's rising price, despite some underlying negative financial results.