Why is Eveready Inds. falling/rising?

As of 18-Aug, Eveready Industries India Ltd is experiencing a price increase, currently at Rs 412.40, reflecting a rise of Rs 11.7 or 2.92%. The stock opened with a gain of 2.46% today and reached an intraday high of Rs 416.1, outperforming its sector by 2.32%. Over the past week, the stock has shown a return of +1.03%, and over the past month, it has increased by +5.74%, contrasting with a decline of -0.59% in the benchmark Sensex. The company has demonstrated strong performance metrics, including a high return on capital employed (ROCE) of 18.23% and positive results for the last nine consecutive quarters, which have contributed to its attractive valuation and recent upward price movement.
In the broader market context, Eveready’s short-term performance has outpaced the Sensex, which has increased by only +0.83% over the past week. The stock's liquidity is also favorable, with a delivery volume that has risen significantly, indicating increased investor participation. Despite a year-over-year decline of -11.87%, the company’s profits have risen by 25.2%, suggesting that the stock is undervalued compared to its peers. This combination of strong operational performance, attractive valuation, and positive market sentiment has likely fueled the recent rise in Eveready's stock price.