Why is Shaily Engineer. falling/rising?

As of 11-Sep, Shaily Engineering Plastics Ltd is experiencing a price increase, with the current price at Rs. 2,276.00, reflecting a rise of 29.35 (1.31%). The stock has recently hit a new 52-week high of Rs. 2,324.25 and has outperformed its sector by 0.47%. Over the last two days, the stock has gained 2.64%, and it opened with a gain of 2.1% today. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 95.64% against the 5-day average. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 1.43 times and consistent growth in operating profit and net profit over the past quarters.
In the broader market context, Shaily Engineering Plastics Ltd has shown impressive returns compared to the benchmark, with a 1-week return of +4.64% against the Sensex's +1.03%, and a year-to-date return of +55.90% compared to the Sensex's +4.36%. The stock's long-term performance is also notable, generating a return of 138.82% over the past year. High institutional holdings at 23.84% indicate confidence from larger investors, which can positively influence market perception. However, the stock is considered expensive based on its valuation metrics, which could pose a risk if market conditions change. Overall, the combination of strong financial performance, rising investor interest, and outperformance relative to the benchmark contributes to the stock's upward movement.