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

As of 28-Oct, Precision Wires India Ltd is experiencing a price increase, currently at 222.15, which reflects a rise of 11.45 or 5.43%. The stock has recently hit a new 52-week high of Rs. 237.5 and has shown strong performance, outperforming its sector by 7.5%. Over the past week, the stock has gained 7.58%, and in the last month, it has risen by 22.50%. The company has demonstrated consistent growth, with net sales increasing at an annual rate of 27.28% and operating profit at 32.73%. Additionally, the stock has a low debt-to-equity ratio, which supports its healthy long-term growth prospects.
In the broader market context, while the stock has shown significant gains, the benchmark index, Sensex, has only increased by 0.24% over the past week. This indicates that Precision Wires India Ltd is outperforming the market significantly. The stock's strong performance is further supported by rising investor participation, as evidenced by a 32.96% increase in delivery volume compared to the five-day average. Despite the overall decline in the non-ferrous metal sector by 2.04%, the stock's high volatility and consistent returns over the last three years suggest a robust investor confidence in its future performance.