Why is DCM Shriram falling/rising?

As of 08-Jul, DCM Shriram Ltd. is experiencing a price increase, with its current price at 1,402.85, reflecting a rise of 8.4 (0.6%). The stock has been gaining for the last two days, with a total return of 3.42% during this period. It reached an intraday high of Rs 1439, although it also saw a low of Rs 1363.9. Notably, DCM Shriram has outperformed the market significantly, generating a return of 41.73% over the past year compared to the BSE500's 1.98%. The company maintains a strong ability to service its debt, indicated by a low Debt to EBITDA ratio of 0.65 times, which supports investor confidence in its financial stability.
In the broader market context, DCM Shriram's short-term performance stands in stark contrast to the Sensex, which has only seen a minimal increase of 0.02% over the past week. While the stock is trading above its moving averages, indicating a positive trend, there has been a decline in investor participation, with delivery volume falling by 44.42% against the five-day average. Despite this drop in trading volume, the stock's liquidity remains adequate for trading, suggesting that the recent price increase is driven more by strong fundamentals and market-beating performance rather than heightened trading activity.