Why is Century Extrus. falling/rising?

As of 01-Jul, Century Extrusions Ltd is experiencing a significant rise in its stock price, currently at Rs 24.76, reflecting an increase of Rs 2.84 or 12.96%. The stock has shown strong performance today, outperforming its sector by 13.01% and achieving a consecutive gain over the last three days with a total return of 23%. It reached an intraday high of Rs 25.07 and has demonstrated high volatility with an intraday fluctuation of 5.07%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company has also reported impressive financial metrics, including a high return on capital employed (ROCE) of 16.78% and significant increases in net sales and profits, contributing to its attractive valuation compared to peers.
In the broader market context, Century Extrusions Ltd has outperformed the Sensex, which only increased by 2.00% over the past week, while the stock surged by 23.61%. This indicates a strong relative performance in the short term. The company's ability to generate an 18.81% return over the past year, coupled with a 36% rise in profits, further underscores its market-beating performance. The rising investor participation, evidenced by a substantial increase in delivery volume, suggests growing confidence among investors, which is likely driving the stock's upward movement. Overall, the combination of strong financial results, positive market sentiment, and solid technical indicators are contributing to the stock's rise.