Why is SML ISUZU falling/rising?

As of 16-Jul, SML ISUZU Ltd's stock price is currently at Rs 3,235.10, reflecting an increase of Rs 45.2 or 1.42%. The stock has shown strong performance recently, with a 5.66% increase over the past week and an impressive 70.83% rise over the last month. It is currently trading close to its 52-week high, just 2.32% away from Rs 3,310. Despite a day’s low of Rs 3,061.55, the stock reached an intraday high of Rs 3,305.65, indicating volatility but overall positive momentum. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 53.27%, and it has consistently outperformed the BSE500 index over the last three years, generating a 59.16% return in the past year.
In the broader market context, while SML ISUZU has outperformed the Sensex, which has declined by 1.08% over the past week, the stock's strong returns highlight its resilience and investor confidence. However, there is a noted decrease in investor participation, with delivery volume falling by 50.51% against the 5-day average, which could indicate potential caution among investors. Despite this, the stock remains liquid enough for trading, and its performance relative to moving averages suggests a bullish trend. Overall, the combination of strong financial metrics and recent price movements supports the stock's upward trajectory, even amidst some signs of reduced trading activity.