Why is Fiem Industries falling/rising?

As of 24-Sep, Fiem Industries Ltd is experiencing a price increase, currently at Rs 2,054.80, reflecting a rise of Rs 35.85 or 1.78%. The stock has outperformed its sector today by 2.82% and has shown a consecutive gain over the last two days, accumulating a total return of 2.97% during this period. The stock reached an intraday high of Rs 2,067, indicating positive momentum. Despite this, there has been a notable decline in investor participation, with delivery volume dropping by 83.35% compared to the 5-day average. The company has demonstrated strong financial health, with a high return on equity (ROE) of 15.96% and consistent positive results over the last six quarters, contributing to its robust long-term growth outlook.
In the broader market context, Fiem Industries has outperformed the Sensex in the short term, with a 1-week return of 1.59% compared to the benchmark's decline of 1.18%. This performance is particularly notable given the stock's impressive year-to-date return of 38.19% against the Sensex's 4.58%. The increasing participation of institutional investors, who have raised their stake by 3.15%, further supports the stock's upward trajectory, as these investors typically possess greater analytical resources. Overall, the combination of strong financial metrics, positive investor sentiment, and recent price movements contributes to the stock's rising trend.