Why is Eveready Inds. falling/rising?

As of 10-Jul, Eveready Industries India Ltd's stock price is rising, currently at 359.25, reflecting an increase of 9.55 or 2.73%. The stock has shown strong performance recently, gaining 12.72% over the last three days and outperforming its sector by 2.15% today. It has also touched an intraday high of Rs 363.3, indicating positive momentum. Over the past week, the stock has risen by 13.35%, while its performance over the last month is up by 11.90%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.23%, and it has reported positive results for the last eight consecutive quarters, with significant growth in profits and a favorable debtors turnover ratio.
In the broader market context, while the Sensex has remained relatively flat with a change of -0.06% over the past week, Eveready Industries has significantly outperformed this benchmark. The stock's year-to-date performance shows a decline of 8.49%, contrasting with the Sensex's gain of 6.46%, highlighting its recent recovery trend. The stock is trading at a discount compared to its peers, which may attract investor interest, especially given the rising investor participation reflected in a substantial increase in delivery volume. Overall, the combination of strong financial performance, attractive valuation, and positive market sentiment has contributed to the stock's upward movement.