Why is Tirupati Starch falling/rising?

As of 21-Jul, Tirupati Starch & Chemicals Ltd is experiencing a price increase, currently at Rs 185.05, reflecting a rise of 2.1 (1.15%). The stock has shown strong performance recently, gaining 8.73% over the last three days and outperforming its sector by 1.52% today. It opened with a gain of 2.73% and reached an intraday high of Rs 187.95. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +5.74% and +8.85%, respectively. Positive financial results, including a significant growth in PAT and net sales, along with an attractive valuation compared to peers, have contributed to the stock's upward movement. However, concerns about high debt and weak long-term growth persist, as the company has underperformed the market over the past year.
Broader Market Context: The stock's recent performance contrasts sharply with the broader market, as the Sensex has shown negligible movement with a change of -0.06% over the past week and -0.25% over the past month. While Tirupati Starch has generated a year-to-date return of +23.28%, the Sensex has only returned +5.20% in the same period. This indicates that the stock is gaining traction in a relatively stagnant market, highlighting its potential appeal to investors despite its past underperformance over the last year.