Why is Natl. Aluminium falling/rising?

As of 10-Nov, National Aluminium Company Ltd's stock price is currently at Rs 257.45, reflecting an increase of Rs 23.0 or 9.81%. The stock has recently hit a new 52-week high of Rs 264.35 and has outperformed its sector by 8.48%. It has shown a strong performance over the past two days, gaining 11.62%, and opened with a gain of 2.41% today. The stock is trading above its moving averages across various time frames, indicating a bullish trend. Additionally, the company has demonstrated high management efficiency, a low debt-to-equity ratio, and consistent positive results over the last eight quarters, which have contributed to investor confidence and the stock's upward movement.
In the broader market context, National Aluminium has outperformed the Sensex, with a one-week return of +7.90% compared to the benchmark's -0.53%. This trend continues with a year-to-date return of +21.58% against the Sensex's +6.91%. The stock's strong institutional holdings and high dividend yield further support its appeal among investors, suggesting a solid foundation for continued growth. Overall, the combination of positive financial metrics, strong performance relative to the market, and rising investor participation has driven the stock's recent rise.