Why is Shaily Engineer. falling/rising?

As of 22-Aug, Shaily Engineering Plastics Ltd's stock price is rising, currently at Rs. 2,115.05, reflecting an increase of Rs. 104.45 or 5.19%. The stock has recently hit a new 52-week high of Rs. 2,127.05 and has outperformed its sector by 4.59%. Over the past week, the stock has gained 15.66%, and in the last month, it has risen by 29.76%. The company has shown strong financial performance, with a low Debt to EBITDA ratio of 1.43 times and significant growth in operating profit and net profit, both increasing by over 43%. Additionally, high institutional holdings at 23.84% indicate strong investor confidence, contributing to the stock's upward momentum.
In the broader market context, Shaily Engineering Plastics Ltd has significantly outperformed the Sensex, which has only increased by 0.88% over the past week. The stock's impressive returns of 115.62% over the past year and 441.82% over the last three years further highlight its strong market position. The company's ability to consistently deliver positive results for seven consecutive quarters and its high return on capital employed (ROCE) of 18.51% suggest robust fundamentals, reinforcing investor interest and contributing to the stock's rising price.