Why is Page Industries falling/rising?

As of 07-Jul, Page Industries Ltd is experiencing a price increase, currently at Rs 48,959.90, reflecting a rise of Rs 579.9 or 1.2%. The stock has shown strong performance recently, gaining 3.01% over the last three days and is currently trading close to its 52-week high, just 3.09% away from Rs 50,470.6. Additionally, it has outperformed its sector by 2.35% today. The stock's performance over the past year has been impressive, with a return of 24.30%, significantly higher than the broader market's return of 1.74%. The company also boasts high management efficiency with a return on capital employed (ROCE) of 67.34% and low debt levels, which contribute positively to investor confidence.
In the broader market context, while Page Industries has seen a slight decline of 0.90% over the past week, it has outperformed the benchmark Sensex, which fell by only 0.20%. The stock's liquidity is favorable, with a significant increase in delivery volume, indicating rising investor participation. Furthermore, with high institutional holdings at 52.2%, the stock is supported by investors who have the resources to analyze its fundamentals effectively. Overall, the combination of strong financial metrics, positive recent performance, and robust institutional backing contributes to the stock's upward movement.