Why is Gravita India falling/rising?

As of 04-Aug, Gravita India Ltd's stock price is currently at 1,809.00, reflecting an increase of 18.7, or 1.04%. Today's price summary indicates that the stock has gained after two consecutive days of decline, although it underperformed its sector by 0.56%. The stock's performance over the past week shows a decline of 1.26%, while it has decreased by 2.53% over the past month. Despite these short-term challenges, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 20.88%, a low debt to EBITDA ratio of 1.36 times, and consistent growth in operating profit at an annual rate of 32.11%. Additionally, the company has reported positive results for the last three consecutive quarters, with a significant increase in profit after tax and net sales.
Broader Market Context: In comparison to the benchmark, Gravita India has underperformed in the short term, with a 1-week decline of 1.26% against a slight gain of 0.16% for the Sensex. However, the stock has shown impressive long-term performance, with a remarkable increase of 546.88% over the past three years, significantly outpacing the benchmark's growth of 38.97% during the same period. This long-term strength may provide some resilience against the recent short-term fluctuations, suggesting that while the stock faces immediate challenges, its overall trajectory remains positive in the context of its historical performance.