Why is DCM Shriram falling/rising?

As of 02-Jul, DCM Shriram Ltd. is experiencing a price increase, currently at 1,238.00, reflecting a rise of 23.35 or 1.92%. The stock has shown strong performance today, outperforming its sector by 1.55% and reaching an intraday high of Rs 1244.2. Over the past year, DCM Shriram has generated a return of 23.55%, significantly higher than the market's (BSE500) return of 3.11%. Additionally, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.65 times, which supports investor confidence and contributes positively to the stock's recent upward movement. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 63.56% against the 5-day average.
In the broader market context, DCM Shriram's short-term return over the past week is +2.74%, which outpaces the Sensex's return of +0.79%. This indicates that the stock is not only performing well on its own but also in comparison to the overall market. The stock's consistent trading above its moving averages further suggests a positive trend, although the drop in delivery volume may raise concerns about sustained interest from investors. Overall, the combination of strong performance metrics and a solid financial position contributes to the stock's rising price.