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

As of 15-Jul, Investment & Precision Castings Ltd is experiencing a price increase, currently at Rs 521.65, reflecting a rise of 19.75 or 3.94%. The stock has shown strong performance today, outperforming its sector by 2.06% and has been on a consecutive gain streak for the last two days, accumulating a total return of 6.46% in this period. Additionally, the stock opened with a gain of 3.6% today and reached an intraday high of Rs 521.65. Over the past year, it has generated an impressive return of 71.65%, significantly outperforming the BSE500 index. However, despite these positive movements, the company faces challenges such as weak long-term fundamental strength, indicated by a low Return on Capital Employed (ROCE) of 7.75% and a high Debt to EBITDA ratio of 3.73 times, which may affect investor confidence.
In the broader market context, the stock's short-term return of 1.88% over the past week contrasts with the Sensex, which has declined by 1.36% in the same period. This divergence suggests that Investment & Precision Castings Ltd is gaining traction among investors despite broader market challenges. The stock's consistent returns over the last three years, alongside a significant increase in investor participation, further bolster its appeal. However, the lack of domestic mutual fund investment, which stands at 0%, may indicate some hesitance among institutional investors regarding the stock's valuation and long-term growth prospects.