Why is Dynamic Cables falling/rising?

As of 19-Aug, Dynamic Cables Ltd is experiencing a price increase, currently at Rs 400.30, reflecting a rise of Rs 10.0 or 2.56%. Today's performance indicates a trend reversal as the stock has gained after seven consecutive days of decline. It outperformed its sector by 1.38% and reached an intraday high of Rs 400.85. Despite a negative return of -14.28% over the past month, the stock has shown strong performance over the past year with a return of 48.85%. The company has demonstrated solid financial health, with a low Debt to EBITDA ratio of 0.70 times and positive results for the last four consecutive quarters, including a 64.64% growth in PAT and a 31.99% increase in net sales.
In the broader market context, while the Sensex has shown a positive return of 1.76% over the past week, Dynamic Cables' short-term return of +1.09% indicates that it has underperformed relative to the benchmark in this timeframe. However, the stock's long-term performance is notable, as it has significantly outperformed the market over the past year and three years, with returns of 48.85% and 440.03%, respectively. This strong performance, coupled with rising investor participation and liquidity, suggests that the stock is gaining traction despite recent volatility.