Why is Bright Brothers falling/rising?

As of 30-Jul, Bright Brothers Ltd is experiencing a price increase, currently at Rs 350.00, which reflects a rise of 13.0 or 3.86%. Today's price summary indicates that the stock outperformed its sector by 3.48%, reaching an intraday high of Rs 350, although it also touched a low of Rs 328.25 earlier in the day. Over the past week, the stock has shown a positive return of 6.43%, contrasting with the Sensex's decline of 1.50%. Despite a year-to-date drop of 18.57%, the stock has generated an impressive return of 108.40% over the past year, supported by strong financial performance, including a 312.98% growth in profit after tax and a 35.62% increase in net sales. However, there are concerns regarding falling investor participation, as evidenced by a significant drop in delivery volume.
In the broader market context, Bright Brothers' recent performance stands out, particularly as it has outperformed the BSE500 over various time frames, including the last three years and one year. While the stock has shown resilience in the short term, the overall market has been challenging, with the Sensex down 1.50% in the past week and 2.54% over the last month. The company's strong long-term growth potential, indicated by a high return on capital employed and attractive valuation compared to peers, contributes positively to its stock price movement. However, the low average ROCE of 5.32% raises concerns about management efficiency, which could impact future performance.