Why is Bansal Roofing falling/rising?

As of 14-Jul, Bansal Roofing Products Ltd is experiencing a price increase, currently at Rs 125.75, reflecting a rise of Rs 5.85 or 4.88%. The stock has shown strong performance today, outperforming its sector by 4.26% and has gained consecutively over the last two days, with a total return of 6.61% during this period. The stock reached an intraday high of Rs 133, indicating significant upward momentum. Over the past week, Bansal Roofing has returned 5.45%, while the Sensex has declined by 1.42%. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 19.84% and a low debt to EBITDA ratio of 0.70 times, which supports its ability to service debt effectively. The stock is trading at a discount compared to its peers, and its profits have risen significantly, contributing to its positive market perception.
In the broader market context, Bansal Roofing's short-term performance has been notably strong compared to the benchmark, as it has outperformed the Sensex over the past week and month, with returns of 5.45% and 15.69%, respectively, while the Sensex has shown a modest increase of 1.40% over the same month. This trend indicates that investor sentiment towards Bansal Roofing remains positive, despite a recent decline in delivery volume, which fell by 53.04% against the five-day average. Overall, the stock's strong financial metrics, consistent returns, and favorable comparisons to the broader market contribute to its rising price.