Why is Shyam Metalics falling/rising?

As of 24-Jul, Shyam Metalics & Energy Ltd is experiencing a price increase, currently at Rs. 950.60, reflecting a rise of Rs. 26.35 or 2.85%. The stock has reached a new 52-week high of Rs. 963.35 today and has outperformed its sector by 2.52%. Over the past week, the stock has gained 3.95%, and it has shown impressive returns of 31.72% year-to-date and 37.66% over the past year. Positive factors contributing to this upward movement include high management efficiency indicated by a return on equity (ROE) of 16.76%, a low debt-to-equity ratio, and strong quarterly results with record net sales and profits. Additionally, increasing participation from institutional investors, who now hold 11.94% of the company, suggests growing confidence in its fundamentals. However, there are concerns regarding poor long-term growth, as operating profit has declined at an annual rate of -7.88% over the last five years, and the stock is trading at a premium compared to its peers.
In the broader market context, Shyam Metalics has significantly outperformed the benchmark Sensex, which has shown a slight decline of 0.09% over the past week. This contrast highlights the stock's strong performance relative to the market, further bolstered by its consistent returns over the last three years, where it has outperformed the BSE500 in each of the last three annual periods. The liquidity of the stock, indicated by a delivery volume increase of 6.51% against the five-day average, also reflects positive investor sentiment. Overall, while the stock's recent performance is strong, the concerns regarding its long-term growth and valuation remain critical factors to monitor.