Why is Shriram Pistons falling/rising?

As of 24-Jul, Shriram Pistons & Rings Ltd is experiencing a price increase, currently at Rs 2,454.80, reflecting a rise of 52.5 points or 2.19%. Today's price summary indicates that the stock has outperformed its sector by 2.82% and has shown a trend reversal after four consecutive days of decline. It opened with a significant gain of 4.07% and reached an intraday high of Rs 2,500. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a slight decrease in investor participation, as indicated by a 7.46% drop in delivery volume, the company demonstrates strong fundamentals, including a high return on equity of 16.83% and a healthy growth rate in operating profit.
In the broader market context, Shriram Pistons has shown a slight decline of 0.21% over the past week, while the benchmark Sensex has decreased by only 0.09%. However, the stock has performed well over the past month, with a return of 4.36%, compared to a modest 0.16% increase in the Sensex. This suggests that while the stock is rising today, its recent performance has been mixed relative to the benchmark. The company's strong financial results, including record net sales and operating profit margins, contribute positively to its stock movement, indicating healthy long-term growth potential despite the recent fluctuations in investor participation.