Why is Godawari Power falling/rising?

As of 04-Aug, Godawari Power & Ispat Ltd's stock price is rising, currently at Rs 196.00, reflecting an increase of Rs 6.95 or 3.68%. The stock has shown a positive trend today, outperforming its sector by 0.83% and reversing a two-day decline. It reached an intraday high of Rs 197.25 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 3.95%, while it has performed even better over the last month with a 7.16% increase, contrasting with the Sensex, which has declined by 2.89% during the same period. However, it is important to note that the stock has experienced a year-to-date decline of 3.35% and a 12.49% drop over the past year, indicating some underlying challenges despite the recent uptick.
In the broader market context, Godawari Power's recent performance stands out as it has significantly outperformed the Sensex in the short term, which has only seen a minor increase of 0.16% over the past week. The steel sector, in which the company operates, has also gained by 2.92%, contributing to the positive sentiment around Godawari Power. The company's strong management efficiency, indicated by a high return on equity (ROE) of 26.83% and a low debt-to-equity ratio of 0.08, supports its healthy long-term growth prospects. However, the stock is trading at a premium compared to its peers, and its profits have decreased by 12% over the past year, which may temper investor enthusiasm despite the current rise.