Why is Shaily Engineer. falling/rising?

As of 29-Jul, Shaily Engineering Plastics Ltd's stock price is rising, currently at Rs 1,657.60, reflecting an increase of Rs 105.6 or 6.8%. Today's price summary indicates that the stock outperformed its sector by 6.02%, reversing a trend of three consecutive days of decline. The stock opened with a gain of 2.45% and reached an intraday high of Rs 1,694.3, representing a 9.17% increase. Over the past week, the stock has shown a modest gain of 1.69%, while its year-to-date performance stands at an impressive 13.54%. The company has demonstrated strong fundamentals, with a low Debt to EBITDA ratio of 1.43 times and a robust annual growth rate of 51.17% in operating profit. Additionally, the stock has consistently delivered positive results for six consecutive quarters, which has contributed to its recent upward movement.
In the broader market context, Shaily Engineering Plastics Ltd has outperformed the Sensex, which has declined by 1.03% over the past week. The stock's strong institutional holdings at 23.84% and their increased stake by 2.73% over the previous quarter suggest confidence from knowledgeable investors. However, the stock's valuation appears expensive with a ROCE of 18.8 and a PEG ratio of 1.2, indicating potential risks associated with its high valuation compared to peers. Despite these concerns, the stock's long-term performance remains robust, having generated a remarkable 102.39% return over the past year, significantly outpacing the benchmark's near-zero growth.