Why is Eveready Inds. falling/rising?

As of 29-Aug, Eveready Industries India Ltd is experiencing a price increase, currently at Rs 420.20, reflecting a rise of 3.1 points or 0.74%. The stock has shown a positive trend over the last two days, gaining 0.77% in this period. However, it has underperformed its sector by 0.97% today. The stock reached an intraday high of Rs 433, indicating some volatility. Despite this recent uptick, the stock has a mixed performance over various periods, with a 1-week decline of 2.93% and a year-to-date increase of 7.03%. The company has demonstrated strong management efficiency, with a high return on capital employed (ROCE) of 18.23% and consistent positive results over the last nine quarters, which may support investor confidence.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.84% over the past week. While Eveready has shown a year-to-date return of 7.03%, the Sensex has only increased by 2.14% in the same timeframe. This suggests that Eveready is performing relatively well compared to the overall market. However, the stock's liquidity has decreased, with a significant drop in delivery volume, which could indicate waning investor interest. Overall, while the stock has positive fundamentals and a fair valuation compared to peers, the recent decline in trading volume and underperformance against the sector may temper the enthusiasm surrounding its price movements.