Why is Shivalik Bimetal falling/rising?

As of 17-Jul, Shivalik Bimetal Controls Ltd is experiencing a price increase, currently at Rs 591.40, reflecting a rise of Rs 13.3 or 2.3%. The stock has shown strong performance recently, gaining 10.94% over the last four days and outperforming its sector by 1.83% today. It has also touched an intraday high of Rs 592.9. In terms of returns, the stock has increased by 21.42% over the past month, significantly outperforming the Sensex, which has only risen by 0.83%. The company benefits from high management efficiency, evidenced by a return on equity of 24.10%, a low debt-to-equity ratio, and healthy long-term growth with an annual operating profit increase of 44.23%. Additionally, high institutional holdings at 24.7% suggest confidence from knowledgeable investors.
Broader Market Context: In the short term, Shivalik Bimetal's performance stands in stark contrast to the broader market, as it has gained 8.12% over the past week while the Sensex has declined by 1.12%. This divergence indicates that investor sentiment towards Shivalik Bimetal is particularly strong, especially in light of rising investor participation, with delivery volume increasing by 193.53% compared to the five-day average. The stock's liquidity is also favorable, allowing for sufficient trading activity, which may further support its upward price movement.