Why is Gravita India falling/rising?

As of 04-Jul, Gravita India Ltd's stock price is currently at 1,856.05, reflecting an increase of 12.9, or 0.7%. Today, the stock opened with a gain of 2.84% and reached an intraday high of Rs 1,895.55. Despite this positive movement, the stock has shown a decline of 1.18% over the past week and a significant drop of 15.31% year-to-date. However, it has outperformed the sector by 0.9% today. The company has demonstrated strong financial health, 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 manage debt. Additionally, the company has reported positive results in the last two quarters, with net sales reaching a record high and a notable growth in net profit.
In the broader market context, while Gravita India has outperformed the BSE500 over the last three years, its recent performance has lagged behind the benchmark, which has gained 3.01% over the past month. The stock's recent rise today contrasts with its overall year-to-date decline, suggesting that while there are positive factors driving the stock, such as efficient management and consistent returns, the broader market trends and reduced investor participation may be influencing its performance. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume indicates a potential concern for future price stability.