Why is Eveready Inds. falling/rising?

As of 17-Jul, Eveready Industries India Ltd is currently priced at 370.10, reflecting a slight increase of 0.2 (0.05%). The stock has shown a positive performance today, outperforming its sector by 0.26%. It is trading above all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has risen by 3.02%, while it has gained 14.16% over the last month. Despite a year-to-date decline of 5.73%, the company has demonstrated strong financial performance, with positive results for the last eight consecutive quarters, including a notable growth in profit before tax and profit after tax. The stock is also trading at a discount compared to its peers, supported by a high return on capital employed (ROCE) of 18.23%.
In the broader market context, the Sensex has experienced a decline of 1.12% over the past week, while Eveready has managed to rise, indicating a relative strength against the benchmark. This divergence suggests that investor sentiment towards Eveready is more favorable compared to the overall market. However, it is important to note that there has been a significant decrease in investor participation, with delivery volume falling by 49.83% against the 5-day average, which could raise concerns about the stock's liquidity and future momentum. Despite this, the company's strong financial metrics and attractive valuation may continue to support its stock price in the near term.