Why is Shivalik Bimetal falling/rising?

As of 23-Sep, Shivalik Bimetal Controls Ltd is experiencing a price increase, currently at Rs 565.50, which reflects a rise of 13.65 or 2.47%. The stock has outperformed its sector by 1.18% today and has shown consecutive gains over the last two days, accumulating a total return of 3.3%. It reached an intraday high of Rs 576, indicating strong upward momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. However, there is a noted decline in investor participation, with delivery volume dropping by 34.53% compared to the 5-day average. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong long-term growth, as evidenced by significant increases in cash reserves and net sales.
In the broader market context, Shivalik Bimetal's short-term performance over the past week shows a gain of 7.51%, contrasting with a slight decline of 0.34% in the Sensex, indicating that the stock is performing well relative to the market. While the stock has underperformed on a year-to-date basis with a decline of 1.40% compared to the Sensex's gain of 5.07%, its long-term performance remains robust, with a 3-year return of 40.51%, closely aligning with the benchmark's 41.31%. The high institutional holdings at 24.15% suggest that informed investors are confident in the company's fundamentals, which may contribute to the stock's recent positive movement.