Why is Williamson Magor falling/rising?

As of 10-Jun, Williamson Magor & Company Ltd is experiencing a significant rise in its stock price, currently at Rs 37.54, reflecting an increase of Rs 3.12 or 9.06%. The stock has shown strong performance today, outperforming its sector by 9.39% and achieving a consecutive gain over the last three days, with a total return of 24.76% during this period. It opened with a gain of 3.31% and reached an intraday high of Rs 41, indicating high investor interest and volatility, with an intraday volatility of 7.89%. The stock is also trading above its moving averages, and there has been a notable increase in delivery volume, suggesting rising investor participation. Positive quarterly results, including the highest PAT and EPS in recent quarters, contribute to a mildly bullish technical outlook, despite the company facing challenges such as a negative book value and weak long-term growth.
In the broader market context, Williamson Magor's short-term performance has significantly outpaced the benchmark, with a 1-week return of +17.79% compared to the Sensex's +2.05%. This trend of outperformance is consistent over the past month, where the stock gained +36.91% against the Sensex's +3.70%. However, it is important to note that while the stock has performed well recently, it has a negative EBITDA and has faced declining profits over the past year, which could pose risks to its long-term stability. Despite these concerns, the stock's recent gains and positive technical indicators suggest a strong short-term outlook.