Why is Simm. Marshall falling/rising?

As of 24-Jul, Simmonds Marshall Ltd is experiencing a price increase, currently at Rs 138.10, reflecting a rise of 1.65 (1.21%). The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.11% during this period. Despite an intraday high of Rs 140.5, the stock also faced a low of Rs 130, indicating some volatility. Over the past month, Simmonds Marshall has outperformed the benchmark with a return of +7.14% compared to the Sensex's +0.16%. The company has consistently delivered positive results over the last nine quarters, with significant growth in profit before tax and a high return on capital employed, which contributes to its attractive valuation relative to peers.
Broader Market Context: In the short term, Simmonds Marshall's performance contrasts with the broader market, as it has outperformed the Sensex over the past week, where the stock declined by -1.74% while the Sensex only fell by -0.09%. This indicates that despite some recent volatility, the stock's upward movement is supported by strong fundamentals and rising investor participation, as evidenced by an increase in delivery volume. The stock's consistent returns over the past three years further bolster investor confidence, suggesting that the recent price rise may be a reflection of both company-specific strengths and a favorable market sentiment.