Why is DCM Shriram falling/rising?

As of 03-Jul, DCM Shriram Ltd. is experiencing a significant rise in its stock price, currently at 1,423.25, reflecting an increase of 185.25 or 14.96%. The stock has outperformed its sector by 15.42% today and has been on a positive trajectory, gaining 17.17% over the last two days. Notably, it reached a new 52-week and all-time high of Rs 1,474.5 during the trading session. Over the past year, the stock has generated a remarkable return of 40.55%, significantly surpassing the broader market's performance, which recorded a return of only 2.20%. 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.
In the broader market context, DCM Shriram's short-term performance has been impressive, with a 1-week return of 18.68%, while the benchmark Sensex has declined by 0.62% in the same period. This stark contrast highlights the stock's resilience and attractiveness to investors. Despite a recent decline in delivery volume, the stock remains liquid enough for trading, indicating ongoing interest. The stock's consistent performance above various moving averages further underscores its upward momentum, contributing to the overall positive sentiment surrounding DCM Shriram Ltd.