Why is ACS Tech falling/rising?

As of 03-September, ACS Technologies Ltd's stock price is rising, currently at Rs. 28.16, reflecting an increase of 0.55 or 1.99%. The stock has hit a new 52-week high today and has been on a positive trajectory, gaining for the last eight consecutive days with a total return of 15.6% during this period. It has outperformed its sector by 1.04% today and is trading above all key moving averages, indicating strong momentum. However, there is a noted decline in investor participation, with delivery volume falling by 10.59% against the five-day average. Despite this, the stock's attractive valuation, characterized by a return on capital employed (ROCE) of 4 and a low enterprise value to capital employed ratio of 1.2, suggests that the stock remains a hold for investors.
In the broader market context, ACS Technologies has significantly outperformed the Sensex over the past week and month, with returns of 10.39% and 23.29%, respectively, while the Sensex has seen slight declines of 0.27% and 0.04%. This strong performance relative to the benchmark highlights the stock's resilience and appeal in the current market environment. Despite the overall market's modest performance, ACS Technologies' recent gains and positive financial indicators suggest a favorable outlook, although the decrease in trading volume may warrant caution among investors.