Why is Gravita India falling/rising?

As of 02-Jul, Gravita India Ltd is experiencing a price increase, currently at ₹1,853.90, reflecting a change of ₹7.45 or 0.4% upward. The stock has shown a strong performance today, outperforming its sector by 0.97%. However, it is important to note that while the stock is higher than its 5-day, 20-day, and 100-day moving averages, it remains below its 50-day and 200-day moving averages. The stock's recent performance over the past week has been positive, with a return of +4.86%, although it has seen a decline of -0.22% over the past month. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 20.88% and a low debt to EBITDA ratio of 1.36 times, indicating a solid ability to service its debt. Additionally, the company has reported healthy long-term growth, with an operating profit growth rate of 30.04% and a net profit increase of 21.6%, contributing to its positive results in recent quarters.
In the broader market context, Gravita India’s short-term return of +4.86% over the past week significantly outpaces the benchmark Sensex, which has only increased by +0.79% during the same period. Despite this, the stock has underperformed the benchmark over the past month and year-to-date, with returns of -0.22% and -15.41%, respectively. The decline in investor participation, as indicated by a 66.72% drop in delivery volume compared to the 5-day average, raises concerns about liquidity and market interest. Furthermore, while the stock has generated a return of 28.77% over the past year, its valuation appears expensive with a price-to-book ratio of 6.6, which may deter some investors despite the company's consistent returns and strong fundamentals.