Why is Shaily Engineer. falling/rising?

As of 07-Oct, Shaily Engineering Plastics Ltd is experiencing a significant rise in its stock price, currently at Rs 2,408.15, reflecting an increase of Rs 256.3 or 11.91%. Today's price summary indicates that the stock has outperformed its sector by 10.62% and has reversed a trend of two consecutive days of decline, opening with a gain of 3.87%. The stock reached an intraday high of Rs 2,449.8, marking a 13.85% increase. Over the past week, Shaily Engineering has shown a return of 10.64%, significantly outperforming the Sensex, which only rose by 2.07%. The company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.43 times, consistent positive results over the last seven quarters, and a healthy growth rate in operating profit and net profit. Additionally, high institutional holdings at 23.84% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Shaily Engineering's short-term performance has notably outpaced the benchmark, with a 10.64% return over the past week compared to the Sensex's 2.07%. This strong performance is indicative of the company's robust financial health and growth prospects, as evidenced by its impressive year-to-date return of 64.95% and a remarkable 158.94% increase over the past year. While the stock's valuation appears expensive with a ROCE of 18.8 and a PEG ratio of 1.1, it is trading at a discount compared to its peers, which may attract further investor interest. Overall, the combination of strong financial results, rising investor participation, and a favorable market position contributes to the stock's rising trend.