Why is Shaily Engineer. falling/rising?

As of 13-Aug, Shaily Engineering Plastics Ltd is experiencing a price increase, with the current price at Rs 1,853.95, reflecting a rise of Rs 78.95 or 4.45%. The stock has shown strong performance recently, gaining 16.37% over the last four days and outperforming its sector by 3.55% today. It has also touched an intraday high of Rs 1,898.9, indicating robust investor interest. The stock's performance over various periods is impressive, with a 102.37% return over the past year and a staggering 376.86% over three years. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.43 times, consistent profit growth, and high institutional holdings at 23.84%, further bolster investor confidence and contribute to the stock's upward movement.
In the broader market context, Shaily Engineering Plastics Ltd has significantly outperformed the benchmark Sensex, which has remained flat at -0.01% over the past week. The stock's recent gains are indicative of its strong market position and investor sentiment, especially given its ability to generate substantial returns compared to the benchmark's -2.38% over the last month. The company's healthy operating profit growth and consistent positive results over the last seven quarters suggest a solid outlook, despite some concerns regarding its high valuation metrics. Overall, the combination of strong financial performance and positive market sentiment has driven the stock's price rise.