Why is Gravita India falling/rising?

As of 29-Jul, Gravita India Ltd's stock price is currently at Rs 1,870.40, reflecting an increase of Rs 38.4 or 2.1%. Today, the stock outperformed its sector by 0.37%, reaching an intraday high of Rs 1,883.5. Despite a recent decline in delivery volume by 39.63% against the 5-day average, the stock remains liquid enough for trading. Over the past week, Gravita India has shown a positive return of 8.07%, contrasting with a decline of 0.42% over the past month. The company has demonstrated strong financial performance, with a high return on capital employed (ROCE) of 20.88%, a low debt-to-EBITDA ratio of 1.36 times, and consistent positive results over the last three quarters, including a significant growth in profit after tax and net sales.
In the broader market context, Gravita India's recent performance stands out as it has outperformed the Sensex, which has declined by 1.03% over the past week. While the stock has experienced a year-to-date decline of 14.66%, it has generated a return of 10.43% over the past year, outperforming the benchmark's negligible change. The company's strong operational growth, with an annual increase in operating profit of 30.04%, and consistent returns over the last three years contribute positively to investor sentiment, despite the recent drop in trading volume.