Why is Bansal Roofing falling/rising?

As of 17-Jul, Bansal Roofing Products Ltd is currently priced at 122.50, reflecting a rise of 0.5 (0.41%). The stock has shown a positive trend, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Over the past week, the stock has increased by 3.86%, significantly outperforming the Sensex, which has declined by 1.12%. Additionally, the company has demonstrated strong financial performance, with a high return on capital employed (ROCE) of 19.84% and a low debt to EBITDA ratio of 0.70 times, suggesting efficient management and a solid ability to service debt. Despite a recent drop in delivery volume by 38.52%, the stock remains liquid enough for trading.
In the broader market context, while the Sensex has shown a slight increase of 0.83% over the past month, Bansal Roofing has outperformed with a remarkable 14.38% gain in the same period. The stock's long-term performance is also noteworthy, having generated a return of 45.83% over the past year, compared to the Sensex's 1.91%. This consistent outperformance in both the short and long term highlights the stock's strong market position and investor confidence, despite the recent dip in trading volume. Overall, the combination of solid financial metrics and a favorable market performance contributes to the stock's rising price.