Why is Kalyani Steels falling/rising?

As of 30-Jun, Kalyani Steels Ltd is experiencing a price increase, currently at 935.00, reflecting a rise of 8.9 or 0.96%. The stock has shown strong performance in the short term, with a 7.06% increase over the past week and a 17.90% increase over the past month, significantly outperforming the Sensex, which rose by 2.09% and 2.65% respectively. Today's price summary indicates that Kalyani Steels is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Additionally, there has been a rise in investor participation, with delivery volume increasing by 8.36% compared to the 5-day average. The company maintains a low debt-to-equity ratio of 0.01, and recent financial results show record net sales and operating profit margins, contributing positively to investor sentiment.
In the broader market context, Kalyani Steels' recent performance has outpaced the benchmark indices, highlighting its strong position relative to the market. While the stock has generated a modest return of 0.50% over the past year, it has been supported by a 2.3% increase in profits, indicating a healthy underlying business despite a year-to-date decline of 19.81% compared to the Sensex's 7.00% increase. The stock's premium valuation relative to its peers, alongside a fair price-to-book value, suggests that investors are optimistic about its future growth potential, further driving the recent price increase.