Why is Shivalik Bimetal falling/rising?

As of 24-Sep, Shivalik Bimetal Controls Ltd is experiencing a slight increase in its stock price, currently at 565.00, with a change of 0.9 (0.16%) upwards. The stock has shown a strong performance recently, gaining 3.21% over the last three days and outperforming its sector by 0.29%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant increase in investor participation, with delivery volume rising by 125.37% against the 5-day average. The company boasts a high return on equity (ROE) of 24.10%, a low debt-to-equity ratio of 0.10, and impressive operating profit growth, which supports a healthy long-term outlook.
In the broader market context, Shivalik Bimetal's short-term return of +3.63% over the past week contrasts sharply with the Sensex, which has declined by 1.18% during the same period. This performance indicates that the stock is gaining traction despite a generally unfavorable market environment. Furthermore, the company's high institutional holdings at 24.15% suggest that informed investors have confidence in its fundamentals, which may contribute to the stock's resilience and upward movement. Overall, these factors collectively support the stock's recent rise amidst a challenging market backdrop.