Why is Inv.& Prec.Cast. falling/rising?

As of 24-Jun, Investment & Precision Castings Ltd is experiencing a price increase, currently at 1,080.00, reflecting a change of 41.15 (3.96%) upward. The stock has recently hit a new 52-week and all-time high of Rs. 1090.75, demonstrating strong performance with a 14.21% gain over the last three days. It has outperformed its sector by 3.66% today and is trading above all key moving averages. Over the past year, the stock has generated impressive returns of 96.01%, significantly outperforming the BSE 500 index, although it faces challenges such as a low Return on Capital Employed (ROCE) of 9.3 and a high Debt to EBITDA ratio of 3.73, which may raise concerns about its long-term growth potential.
In the broader market context, the stock's short-term performance of +12.15% over the past week stands in stark contrast to the Sensex, which has only increased by 0.58% during the same period. This indicates that Investment & Precision Castings Ltd is not only gaining traction in the market but is also attracting increased investor participation, as evidenced by a significant rise in delivery volume. However, the lack of domestic mutual fund investment suggests that institutional investors may have reservations about the company's long-term fundamentals, despite its recent price gains.