Why is Simplex Castings falling/rising?

As of 25-Aug, Simplex Castings Ltd is experiencing a rise in its stock price, currently at Rs 380.90, reflecting an increase of 1.9 (0.5%). The stock opened with a gain of 2.37% today and reached an intraday high of Rs 388. It is trading above all key moving averages, indicating strong momentum. Despite a recent decline in investor participation, with delivery volume falling by 74.41% against the 5-day average, the company has shown impressive financial performance, including a 192.59% growth in net profit and consistent positive results over the last five quarters. The stock has generated a return of 41.07% over the past year, significantly outpacing the benchmark Sensex, which has only increased by 0.68%.
In the broader market context, the stock's short-term performance over the past week shows a modest gain of 0.24%, while the Sensex has increased by 0.45%. This indicates that while Simplex Castings is performing well, it is slightly lagging behind the benchmark in the short term. However, its long-term performance is exceptional, with a staggering 874.17% increase over the past three years compared to the Sensex's 38.90%. The company's fair valuation and strong returns suggest that it remains an attractive investment, despite the recent dip in trading volume.