Why is Shivalik Bimetal falling/rising?

As of 10-Nov, Shivalik Bimetal Controls Ltd is experiencing a price increase, currently at Rs 502.75, reflecting a change of 4.35 (0.87%) upwards. The stock has shown a positive trend, gaining 8.07% over the last three days and outperforming its sector by 0.35%. Despite a slight decline of 0.30% over the past month and a significant drop of 12.34% year-to-date, the company has demonstrated strong operational performance, with a high return on equity (ROE) of 24.10% and a low debt-to-equity ratio of 0.10 times. Additionally, the company reported record cash and cash equivalents and net sales in its latest quarterly results, which may have contributed to the recent positive sentiment among investors.
In the broader market context, while the Sensex has declined by 0.53% over the past week, Shivalik Bimetal's 1-week return of +4.13% indicates a strong relative performance. However, it is important to note that the stock has underperformed the benchmark indices over longer periods, including a -18.45% return over the past year compared to the Sensex's +5.09%. The high institutional holdings at 23.22% suggest that informed investors are backing the stock, which may provide some support for its recent price movement despite its expensive valuation and mixed long-term performance.