Why is Carysil falling/rising?

As of 03-Nov, Carysil Ltd's stock price is rising, currently at Rs. 986.20, reflecting an increase of Rs. 50.3 or 5.37%. The stock has recently hit a new 52-week high of Rs. 992 and has outperformed its sector by 6.16%. Over the past week, Carysil has shown a return of +8.64%, significantly outperforming the Sensex, which has declined by 0.94%. The stock's performance is bolstered by strong management efficiency, evidenced by a high return on capital employed (ROCE) of 17.28%, and positive financial results, including the highest operating profit to interest ratio recorded at 8.21 times and a low debt-equity ratio of 0.51 times. Despite a high PEG ratio of 5.4 indicating an expensive valuation, the stock's long-term performance remains strong, generating a 23.16% return over the past year.
In the broader market context, Carysil's short-term performance stands in stark contrast to the Sensex, which has only gained 3.41% over the past month. The stock's robust performance is further highlighted by its substantial returns over longer periods, including a 31.46% increase year-to-date and a remarkable 593.53% rise over the past five years. This indicates that Carysil has not only outperformed the benchmark in the short term but also consistently delivered strong returns compared to the broader market. The rising investor participation, with a notable increase in delivery volume, suggests growing confidence among investors, contributing to the stock's upward momentum.