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

As of 11-Sep, Precision Wires India Ltd is experiencing a price increase, currently at Rs 183.95, which reflects a rise of Rs 4.55 or 2.54%. The stock has shown strong performance today, reaching an intraday high of Rs 186.1, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 4.22%, and over the last month, it has increased by 6.05%. Despite a year-on-year decline of 5.67%, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 27.28% and operating profit at 32.73%. However, there has been a notable decrease in investor participation, with delivery volume falling by 38.79% against the 5-day average.
In the broader market context, the stock's recent performance has outpaced the benchmark Sensex, which has only increased by 1.03% over the past week and 1.17% over the past month. This indicates that Precision Wires India Ltd is gaining traction relative to the market. The sector, specifically Non-Ferrous Metals, has also seen a rise of 2.66%, contributing to the positive sentiment around the stock. The company's low debt-to-equity ratio further supports its stability, making it an attractive hold despite the recent drop in delivery volumes.