Why is Kalyani Steels falling/rising?

As of 23-Oct, Kalyani Steels Ltd is experiencing a price increase, currently at 848.00, reflecting a rise of 12.6 or 1.51%. The stock has shown positive momentum, gaining 3.44% over the last three days and outperforming its sector by 2.02% today. Additionally, the stock has demonstrated strong performance over the past week and month, with returns of 2.30% and 6.21%, respectively. Despite a year-to-date decline of 27.27%, the stock has consistently generated returns, including a 7.42% increase over the past year, while profits rose by 10.4%. The company maintains a low debt-to-equity ratio and a fair valuation, which supports investor confidence.
Broader market context indicates that Kalyani Steels has outperformed the Sensex in the short term, with a 1-week return of 2.30% compared to the Sensex's 1.30%. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. Although the company faced flat results in its latest quarterly report, the overall positive trends in returns and the company's strong fundamentals contribute to its recent price rise, indicating a potential recovery phase despite previous challenges.