Why is Prec. Wires (I) falling/rising?

As of 14-Jul, Precision Wires India Ltd is experiencing a price increase, currently at Rs 196.75, reflecting a rise of Rs 8.3 or 4.4%. The stock has shown strong performance today, outperforming its sector by 2.18%, and reached an intraday high of Rs 198.4, which is a 5.28% increase. Over the past week, the stock has gained 6.18%, and it has consistently outperformed the BSE500 over the last three years, with a remarkable 319.11% increase. Additionally, the company reported positive financial results, including the highest return on capital employed (ROCE) at 26.19% and net sales of Rs 1,054.38 crore, which contribute to the stock's upward momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 33.95% against the 5-day average.
In the broader market context, the stock's short-term performance is significantly better than the benchmark, as it has increased by 6.18% over the past week while the Sensex has declined by 1.42%. This stark contrast highlights the stock's resilience and attractiveness to investors amidst a challenging market environment. The overall positive sentiment surrounding the company's financial health and consistent returns further supports the stock's upward trajectory, despite the recent drop in trading volume.