Why is Carysil falling/rising?

As of 18-Nov, Carysil Ltd's stock price is currently at 1,042.50, reflecting an increase of 10.1 points or 0.98%. The stock has shown strong performance recently, with a 6.48% rise over the past week and a notable 14.78% increase over the last month. It is currently trading just 2.78% below its 52-week high of Rs 1,071.45. Despite a recent trend reversal after two days of decline, the stock is trading above all key moving averages, indicating a positive momentum. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 17.99% and a low debt-to-EBITDA ratio of 1.36, contributing to its strong financial health. Additionally, Carysil has reported positive results for the last two consecutive quarters, with a net profit growth of 19.69%, further bolstering investor confidence.
In the broader market context, Carysil's performance has significantly outpaced the benchmark Sensex, which has only increased by 0.96% over the past week. This strong relative performance highlights the company's ability to generate returns that exceed market averages, particularly with a year-to-date return of 38.96% compared to the Sensex's 8.36%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 49.42% against the five-day average, which could indicate a potential risk for future price movements. Overall, while the stock is currently rising, the decrease in trading volume may warrant close monitoring as it could affect future performance.