Why is Wires & Fabriks falling/rising?

As of 11-Jul, Wires & Fabriks (S.A) Ltd is experiencing a price increase, currently at 253.10, which reflects a rise of 12.05 or 5.0%. The stock has shown strong performance today, outperforming its sector by 6.05% and has been on a consecutive gain streak for the last five days, accumulating a remarkable 27.57% return in that period. Additionally, the stock opened with a gain of 5% today and has consistently traded at this price level. It is also trading above its moving averages across various time frames, indicating positive momentum. The stock's attractive valuation, characterized by a return on capital employed (ROCE) of 4.7 and a favorable enterprise value to capital employed ratio, further supports its upward movement, despite some concerns regarding long-term growth and debt levels.
In the broader market context, Wires & Fabriks has significantly outperformed the benchmark, with a year-to-date return of 15.05% compared to the Sensex's 5.58%. This trend of outperformance is evident over multiple time frames, including a 39.99% return over the past year, which is substantially higher than the Sensex's 3.26%. While the stock has shown strong short-term gains, it is important to note the underlying concerns regarding its long-term fundamental strength, including a high debt-to-EBITDA ratio and slow sales growth. These factors could influence investor sentiment moving forward, but the current momentum and positive short-term performance are driving the stock's rise.