Why is Roopa Industries falling/rising?

As of 09-Jul, Roopa Industries Ltd is experiencing a price increase, with the current price at Rs 61.10, reflecting a rise of 2.68 (4.59%). Today's performance indicates that the stock has outperformed its sector by 4.39% and has gained after two consecutive days of decline. The stock touched an intraday high of Rs 61.10, and while it is trading above the 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. Despite a year-to-date decline of 16.30%, the stock has shown a modest return of 3.65% over the past year, with profits increasing by 33.6%. The company has an attractive valuation with a ROCE of 9.5 and a PEG ratio of 0.7, suggesting potential for growth despite some weaknesses in long-term fundamentals.
In the broader market context, Roopa Industries has outperformed the Sensex in the short term, with a 1-week return of +0.41% compared to the benchmark's +0.15%. However, the stock's year-to-date performance lags behind the Sensex, which has gained 6.91%. The recent increase in stock price may be influenced by its attractive valuation relative to peers and consistent returns over the last three years, despite concerns regarding high debt levels and weak long-term fundamentals. The falling investor participation, indicated by a significant drop in delivery volume, could pose challenges for sustained price increases moving forward.