Why is Metro Brands falling/rising?

As of 17-Sep, Metro Brands Ltd's stock price is currently at Rs 1,318.20, reflecting an increase of Rs 20.5 or 1.58%. The stock has been performing well recently, having gained 5.57% over the last two days and is close to its 52-week high, just 2.24% away from Rs 1,347.7. Additionally, it has outperformed its sector by 1.16% today. The stock is trading above all its moving averages, indicating a strong upward trend. Despite a slight decline in investor participation, as evidenced by a 16.02% drop in delivery volume against the 5-day average, the company maintains high management efficiency with a return on capital employed (ROCE) of 23.72% and a low debt to EBITDA ratio of 0.52 times, which supports its positive price movement.
In the broader market context, Metro Brands has outperformed the Sensex, with a 1-week return of 5.58% compared to the benchmark's 1.56%. Over the past month, the stock has risen by 20.19%, while the Sensex has only increased by 2.60%. This strong performance in both the short and long term, coupled with its significant market capitalization of Rs 35,336 crore, positions it as a leader in its sector, constituting 28.10% of the entire industry. The company's ability to generate returns that exceed those of the broader market reinforces investor confidence, contributing to the stock's rising price.