Why is Shaily Engineer. falling/rising?

As of 07-Nov, Shaily Engineering Plastics Ltd is experiencing a price increase, currently at 2,480.00, reflecting a rise of 102.35 (4.3%). The stock has been on an upward trend, gaining for the last four days and achieving a return of 9.11% over the past week. Today's performance shows that it has outperformed its sector by 4.42%, reaching an intraday high of Rs 2488.15. Additionally, the stock has demonstrated strong long-term growth, with a remarkable 116.02% return over the past year and a 596.79% increase over three years. Positive factors contributing to this rise include the company's strong ability to service debt, healthy operating profit growth, and high institutional holdings, which suggest confidence among informed investors. However, the stock's valuation is considered very expensive, which could pose a risk to its future performance.
In the broader market context, Shaily Engineering Plastics Ltd's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 0.86% over the past week. While the stock has shown resilience and significant growth compared to the benchmark, the overall market sentiment may be affecting investor participation, as indicated by a 51.01% drop in delivery volume against the five-day average. Despite this, the stock's liquidity remains adequate for trading, and its consistent outperformance in both short-term and long-term returns highlights its strong market position amidst a fluctuating market environment.