Why is Bhagwati Auto falling/rising?

As of 19-Sep, Bhagwati Autocast Ltd's stock price is rising, currently at 494.05, reflecting an increase of 21.25 or 4.49%. The stock has shown strong performance today, outperforming its sector by 4.38% and has gained consecutively over the last two days, with a total return of 25.39% in this period. It opened with a significant gap up of 8.08% and reached an intraday high of Rs 514. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 1638.45% compared to the 5-day average. Despite a year-over-year return of -1.58%, the company has demonstrated high management efficiency and attractive valuations, which may contribute to the stock's upward movement.
In the broader market context, Bhagwati Autocast Ltd has significantly outperformed the Sensex over the past week and month, with returns of +32.29% and +46.60%, respectively, compared to the Sensex's +0.88% and +1.20%. This strong performance suggests that the stock is gaining traction among investors, likely driven by positive quarterly results and a favorable valuation relative to peers. The company's high return on capital employed (ROCE) and efficient management further bolster investor confidence, despite a decline in profits over the past year. Overall, the combination of strong short-term performance and positive company fundamentals appears to be driving the stock's rise.