Why is Shivalik Bimetal falling/rising?

As of 15-Jul, Shivalik Bimetal Controls Ltd is experiencing a price increase, currently at Rs 554.45, reflecting a rise of Rs 21.25 or 3.99%. The stock has shown positive momentum, gaining for the last two days with a total return of 4%. It has outperformed its sector by 3.92% today and has been trading above its moving averages across various time frames. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 116.11% compared to the 5-day average. Despite a year-to-date decline of 3.33% and a one-year drop of 17.17%, the company boasts a high return on equity (ROE) of 24.10% and a low debt-to-equity ratio, indicating strong management efficiency and financial health.
Broader market context shows that while Shivalik Bimetal has underperformed the market over the past year, it has outperformed the benchmark index, Sensex, in the short term with a 1-month return of 13.38% compared to Sensex's 1.79%. This indicates a positive shift in investor sentiment despite the stock's longer-term challenges, such as flat results in March and a high price-to-book ratio suggesting it may be overvalued. The stock's recent gains could be attributed to its strong operational growth, as indicated by an annual operating profit increase of 44.23%, and the presence of high institutional holdings, which often provide stability and confidence in the stock's future performance.