Why is ACS Tech falling/rising?

As of 04-September, ACS Technologies Ltd is experiencing a rise in its stock price, currently at Rs. 28.72, reflecting an increase of 0.56 or 1.99%. The stock has been on an upward trend, gaining for the last nine days and achieving a total return of 17.9% during this period. Additionally, it has reached a new 52-week high today. The stock has outperformed its sector by 3.06%, and it is trading above all its moving averages, indicating strong momentum. Despite these positive indicators, there has been a notable decline in investor participation, with delivery volume falling by 55.65% compared to the five-day average. The company has an attractive valuation with a return on capital employed (ROCE) of 4 and an enterprise value to capital employed ratio of 1.2, which supports its recent price movement.
In the broader market context, ACS Technologies Ltd has significantly outperformed the benchmark Sensex over the past week, with a return of 10.38% compared to the Sensex's 0.80%. Over the past month, the stock has also shown strong performance, gaining 23.53% while the Sensex has declined by 0.37%. This stark contrast highlights the stock's resilience and appeal to investors, despite the overall market conditions. However, the lack of year-to-date and one-year return data for the stock limits a comprehensive comparison over longer periods. Overall, the combination of strong short-term performance and attractive valuation metrics contributes to the stock's rising price.