Why is Eveready Inds. falling/rising?

As of 04-September, Eveready Industries India Ltd is experiencing a slight increase in its stock price, currently at Rs 468.60, reflecting a change of 0.5 (0.11%) upward. The stock has shown strong performance recently, gaining 12.71% over the past six days and outperforming its sector by 2.22% today. It is also trading close to its 52-week high, just 4.24% away from Rs 489.95. The stock has consistently outperformed the benchmark Sensex over various periods, with a notable 14.91% increase over the past month, while the Sensex has declined by 0.37%. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.23% and has reported positive results for the last nine consecutive quarters, contributing to investor confidence.
In the broader market context, Eveready's recent performance contrasts sharply with the Sensex, which has only increased by 3.30% year-to-date, while Eveready has surged by 19.36%. This indicates that investor sentiment towards Eveready is particularly strong, likely driven by its solid financial metrics and consistent profitability. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. Overall, the combination of strong operational performance, positive market sentiment, and favorable comparisons to the benchmark supports the stock's upward movement.