Why is Remi Edelstahl falling/rising?

As of 25-Jul, Remi Edelstahl Tubulars Ltd is experiencing a price increase, currently at 121.05, reflecting a change of 6.28 (5.47%) upward. The stock has shown strong performance, gaining 25.44% over the last six days and outperforming its sector by 7.27% today. It opened with a gain of 2.77% and reached an intraday high of Rs 124, indicating robust investor interest. The stock has consistently outperformed the benchmark indices, with a remarkable 34.20% return over the past year and significant gains over longer periods, including a 227.60% increase over three years. Positive financial results, including a 21.77% growth in net sales and the highest return on capital employed (ROCE) at 8.04%, have contributed to this upward momentum.
In the broader market context, while the Sensex has shown a slight decline of 0.36% over the past week, Remi Edelstahl's performance stands in stark contrast with a 24.15% increase during the same period. This divergence highlights the stock's resilience and attractiveness to investors, particularly in light of its recent positive earnings reports and strong shareholder backing from promoters. The rising delivery volume, which has increased by 125.79% against the five-day average, further underscores the growing investor participation and liquidity in the stock, reinforcing its upward trajectory despite broader market challenges.