Why is Natl. Aluminium falling/rising?

As of 09-Oct, National Aluminium Company Ltd is experiencing a rise in its stock price, currently at 229.45, reflecting an increase of 5.75 or 2.57%. The stock has shown strong performance today, outperforming its sector by 1.4% and achieving a consecutive gain over the last two days with a total return of 5.69%. It reached an intraday high of Rs 232.25, and is trading above all key moving averages. Additionally, the stock has demonstrated impressive returns over various periods, including a 6.97% increase over the past week and an 11.03% increase over the past month. The company has also reported a high delivery volume, indicating rising investor participation, and boasts a high dividend yield of 4.69%. Factors contributing to this positive movement include high management efficiency, low debt levels, and consistent growth in operating profit and net sales, alongside strong institutional holdings.
In the broader market context, National Aluminium's short-term returns significantly outpace the benchmark Sensex, which has only increased by 1.47% over the past week. The stock's performance is further bolstered by its strong fundamentals, including a high return on equity and consistent positive results over the last seven quarters. The company is recognized for its attractive valuation and has been rated highly among its peers, contributing to investor confidence. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions has led to the stock's upward movement.