Why is Dynamic Cables falling/rising?

As of 09-Jul, Dynamic Cables Ltd is experiencing a price increase, currently at 1,004.65, reflecting a rise of 1.65 (0.16%). The stock has shown strong performance today, outperforming its sector by 0.71% and achieving a consecutive gain over the last five days with a total return of 12.09%. It reached an intraday high of Rs 1,036.65, indicating robust trading activity. Additionally, the stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive financial indicators, such as a low Debt to EBITDA ratio of 0.70 times and a significant growth in net profit of 71.1%, have contributed to its strong buy recommendation. The company has also demonstrated consistent returns over the past three years, outperforming the BSE500 index.
In the broader market context, Dynamic Cables' short-term return of 12.09% over the past week significantly exceeds the Sensex's modest gain of 0.15%. This stark contrast highlights the stock's strong performance relative to the benchmark. However, it is worth noting that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation despite its impressive financial metrics and growth. The liquidity of the stock remains adequate for trading, but a decline in delivery volume suggests a potential concern regarding investor participation moving forward.