Why is Indian Metals falling/rising?

As of 29-Oct, Indian Metals & Ferro Alloys Ltd is experiencing a price increase, currently at Rs 1,157.20, reflecting a rise of Rs 22.45 or 1.98%. The stock has shown a strong performance recently, gaining 7.39% over the last four days, although it underperformed its sector by 0.38% today. It reached an intraday high of Rs 1,165.75, and it is trading above all key moving averages, indicating positive momentum. The stock has also demonstrated impressive returns over various periods, including a 76.40% increase over the past year and a staggering 392.11% over the last three years. The company's strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.40 times, and healthy long-term growth with an annual operating profit increase of 88.40% contribute positively to its recent price movement.
In the broader market context, Indian Metals has outperformed the benchmark Sensex in the short term, with a 1.88% gain over the past week compared to the Sensex's 0.68% increase. This trend of outperformance is consistent, as the stock has consistently generated returns exceeding those of the BSE500 over the last three years. Additionally, rising investor participation, as indicated by a 39.9% increase in delivery volume, suggests growing interest in the stock, further supporting its upward price movement. Overall, the combination of strong financial health, consistent returns, and positive market sentiment has contributed to the stock's rise.