Why is Gravita India falling/rising?

As of 26-Jun, Gravita India Ltd's stock price is currently at Rs 1,809.95, reflecting an increase of Rs 41.95 or 2.37%. The stock has shown a strong performance today, outperforming its sector by 0.47% and has been on a consecutive gain streak for the last five days, resulting in a total return of 9.72% over this period. The stock reached an intraday high of Rs 1,818, indicating positive momentum. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 20.88% and a low debt-to-EBITDA ratio of 1.36 times, which supports its ability to service debt. Positive financial results, including a net profit growth of 21.6% and record net sales of Rs 1,037.07 crore, have contributed to the stock's upward movement.
In the broader market context, Gravita India's short-term return of 9.72% over the past week significantly outpaces the Sensex's return of 2.94% during the same period. While the stock has faced challenges in the longer term, with a year-to-date decline of 17.42% compared to the Sensex's gain of 7.19%, its consistent returns over the last three years and positive quarterly results have bolstered investor confidence. The rising investor participation, evidenced by a 181.41% increase in delivery volume, further supports the stock's recent upward trend, indicating a favorable outlook among investors despite previous volatility.