Why is Shivalik Bimetal falling/rising?

As of 22-Sep, Shivalik Bimetal Controls Ltd is currently priced at 551.40, reflecting an increase of 3.95 (0.72%). Despite opening the day with a significant loss of 5.88%, the stock has managed to recover and is now trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has outperformed its sector by 1.09%, although it has seen a decline in investor participation, with delivery volume dropping by 3.81% compared to the 5-day average. Year-to-date, the stock is down 3.86%, and over the past year, it has decreased by 9.09%. However, the company demonstrates strong fundamentals, including a high return on equity of 24.10%, a low debt-to-equity ratio of 0.10, and impressive growth in operating profit at an annual rate of 50.85%. Additionally, the company reported its highest cash and cash equivalents and net sales in the recent quarter, which may contribute positively to investor sentiment.
In the broader market context, Shivalik Bimetal's short-term performance has been notably better than the benchmark Sensex, which has only increased by 0.46% over the past week. This indicates that while the stock has faced some volatility, it has managed to attract interest relative to the overall market. The company's high institutional holdings at 24.15% suggest that more knowledgeable investors are backing the stock, which may provide additional stability and confidence in its future performance. Overall, the combination of strong fundamentals and recent price recovery, despite initial losses, reflects a complex but potentially positive outlook for Shivalik Bimetal Controls Ltd.