Why is Godawari Power falling/rising?

As of 29-Oct, Godawari Power & Ispat Ltd's stock price is rising, currently at 278.50, reflecting an increase of 9.85 or 3.67%. The stock has recently reached a new 52-week high of Rs. 290, demonstrating strong performance with an intraday high of 290, which is a 7.95% increase. Over the past week, the stock has outperformed the Sensex, gaining 8.83% compared to the benchmark's 0.68%. Additionally, the stock has shown impressive returns over longer periods, including a 60.61% increase over the past year and a staggering 433.22% over the last three years. The company's high management efficiency, indicated by a return on equity (ROE) of 26.83%, and a low debt-to-equity ratio of 0.08, contribute positively to investor confidence, despite a recent decline in delivery volume.
Broader Market Context: In the context of the broader market, Godawari Power's short-term performance significantly outpaces the Sensex, which has only increased by 0.68% over the past week. The stock's liquidity remains adequate for trading, and it has consistently generated returns that exceed those of the BSE500 over the last three years. This strong performance, coupled with healthy long-term growth in operating profit at an annual rate of 16.38%, positions Godawari Power favorably against market trends, further supporting its rising stock price.