Why is Simplex Castings falling/rising?

As of 03-Jul, Simplex Castings Ltd is experiencing a price increase, currently at Rs. 373.85, which reflects a rise of Rs. 14.25 or 3.96%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 4.13%. Over the last three days, the stock has gained 11.58%, and it is trading above all key moving averages, indicating strong upward momentum. The company has reported significant growth in net profit and sales, with a 184.92% increase in net profit and a 944.1% rise in profits over the past year, contributing to positive investor sentiment. Additionally, the stock is trading at a discount compared to its peers, which enhances its attractiveness to investors.
In the broader market context, Simplex Castings has outperformed the benchmark Sensex, which has seen a slight decline of 0.62% over the past week, while the stock itself has risen by 13.29% in the same period. This stark contrast highlights the stock's strong performance relative to the overall market. The rising investor participation, evidenced by a 275.53% increase in delivery volume, further supports the stock's upward trajectory, suggesting robust demand despite broader market fluctuations.