Why is Foseco India falling/rising?

As of 15-Jul, Foseco India Ltd. is experiencing a price increase, currently at 5,000.00, reflecting a rise of 200.0 or 4.17%. Today's price summary indicates that the stock has outperformed its sector by 3.08% and has shown a trend reversal after four consecutive days of decline. It opened with a gain of 2.16% and reached an intraday high of Rs 5122.55, marking a 6.72% increase. Over the past month, the stock has risen by 6.13%, and it has delivered impressive returns of 24.25% year-to-date and 20.16% over the past year, consistently outperforming the BSE500 in the last three annual periods. The company's high management efficiency, indicated by a return on equity (ROE) of 17.33%, and strong quarterly results, including the highest PAT and net sales, contribute positively to its recent performance. However, concerns about poor long-term growth and a high valuation relative to its peers may temper investor enthusiasm.
In the broader market context, Foseco India's short-term performance has been more favorable than the benchmark, with a 1-week return of -0.61% compared to the Sensex's -1.36%. This suggests that while the stock has faced some recent volatility, it is currently rebounding more strongly than the overall market. The stock's liquidity remains adequate for trading, although there has been a notable decline in delivery volume, which may indicate reduced investor participation. Overall, the combination of strong recent performance metrics and positive management efficiency supports the stock's upward movement despite some underlying risks.