Why is Shyam Metalics falling/rising?

As of 11-Aug, Shyam Metalics & Energy Ltd's stock price is currently at Rs 951.40, reflecting an increase of Rs 8.5 or 0.9%. The stock has shown a strong performance over the past month, with a return of +11.83%, despite a slight decline of -2.70% over the past week. Today's trading saw the stock reach an intraday high of Rs 965.5, indicating positive momentum. However, there has been a notable decrease in investor participation, with delivery volume falling by -32.85% compared to the 5-day average. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 16.76% and a low debt-to-equity ratio of 0.03 times. Additionally, positive financial results reported for June 25, including record net sales and profit before tax, have likely contributed to the stock's upward movement. Institutional investors have also increased their stake, which may enhance confidence in the stock's fundamentals.
In the broader market context, Shyam Metalics has outperformed the benchmark Sensex over various time frames, including a significant +31.83% year-to-date return compared to the Sensex's +3.15%. While the stock has experienced a short-term decline relative to the benchmark over the past week, its longer-term performance remains robust, consistently generating returns that surpass those of the BSE500 in the last three years. This sustained outperformance, coupled with increasing institutional interest, suggests that the stock's recent rise is supported by strong fundamentals, even as it faces some short-term volatility.