Why is Welspun Enterp falling/rising?

As of 26-Jun, Welspun Enterprises Ltd is experiencing a price increase, currently priced at 541.10, reflecting a rise of 27.6 or 5.37%. The stock has shown strong performance today, outperforming its sector by 6.13%, and has gained consecutively over the last three days, accumulating an 8.53% return in that period. It reached an intraday high of Rs 547.5, and is trading above all key moving averages, indicating positive momentum. Additionally, the stock has performed well over the past week and month, with returns of 10.43% and 11.82%, respectively, while it has consistently outperformed the BSE 500 index over the last three years. Factors contributing to this rise include an attractive valuation with a ROCE of 16.1, increased promoter confidence with a 0.51% stake increase, and consistent returns over the past year.
In the broader market context, Welspun Enterprises Ltd's short-term performance significantly outpaces the benchmark, with a 10.43% return over the past week compared to the Sensex's 2.94%. This strong relative performance suggests that investor sentiment towards the stock is positive, bolstered by rising investor participation and liquidity. However, it is important to note that the company faces challenges, such as a high Debt to EBITDA ratio of 5.19 times, which raises concerns about its ability to service debt. Despite these challenges, the stock's recent gains reflect a combination of positive investor sentiment and strong short-term performance relative to the market.