Why is DCM Shriram falling/rising?

As of 08-Aug, DCM Shriram Ltd. is experiencing a price increase, currently at 1,353.00, reflecting a change of 7.5 (0.56%) upward. Today's price summary indicates that the stock has outperformed its sector by 2.74% and has gained after two consecutive days of decline, opening with a notable gain of 4.78%. The stock reached an intraday high of Rs 1409.8, although it has shown a decrease in delivery volume, which fell by 39.34% against the 5-day average. Over the past year, DCM Shriram has delivered a return of 17.93%, significantly outperforming the broader market, which has seen negative returns of -1.79%. The company's strong management efficiency, indicated by a high ROCE of 17.26% and a low Debt to EBITDA ratio of 0.65 times, further supports its recent positive movement.
In the broader market context, DCM Shriram's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex over the past week, where the stock declined by 1.71% while the Sensex fell by 0.92%. Despite a recent downturn in the diversified sector, which dropped by 2.27%, DCM Shriram's ability to maintain a market-beating performance over the past year suggests resilience and investor confidence, bolstered by the majority ownership of promoters. This combination of factors contributes to the stock's upward movement, even amidst broader market challenges.