Why is Shivalik Bimetal falling/rising?

As of 18-Jul, Shivalik Bimetal Controls Ltd is experiencing a price increase, currently at Rs 597.40, reflecting a rise of Rs 6.0 or 1.01%. The stock has shown strong performance recently, gaining 12.06% over the past week and 24.07% over the past month, significantly outperforming the Sensex, which has declined by 0.90% in the same week and only increased by 0.38% over the month. The stock has been on a consecutive gain streak for the last five days, reaching an intraday high of Rs 604. Additionally, it is trading above all its moving averages, indicating a positive trend. However, there has been a slight decline in investor participation, with delivery volume decreasing by 5.75% against the five-day average. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which contribute to its healthy long-term growth prospects.
In the broader market context, Shivalik Bimetal's recent performance stands in stark contrast to the benchmark, as it has outperformed the Sensex significantly in both the short term and over the past month. While the Sensex has shown minimal growth, Shivalik Bimetal's substantial gains highlight its strength in the current market environment. The company's high return on equity and robust operating profit growth further support its positive trajectory, suggesting that it is well-positioned compared to the broader market trends.