Why is Solar Industries falling/rising?

As of 30-Jun, Solar Industries India Ltd is experiencing a price increase, currently at Rs. 17,591.00, reflecting a rise of 65.7 points or 0.37%. The stock has been gaining momentum, having risen 3.51% over the last three days, and it recently hit a new 52-week and all-time high of Rs. 17,805. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 622.25% against the 5-day average. The company has demonstrated robust long-term fundamentals, including a high Return on Capital Employed (ROCE) of 30% and consistent positive results over the last four quarters, contributing to its strong buy sentiment.
In the broader market context, Solar Industries has outperformed the benchmark Sensex, with a 1-week return of 2.96% compared to the Sensex's 2.09%, and a year-to-date return of 79.23% against the Sensex's 7.00%. This strong performance relative to the benchmark reflects investor confidence in the company's growth prospects, supported by healthy net sales growth and a low debt-to-EBITDA ratio. Despite its high valuation metrics, such as a Price to Book Value of 36.3, the stock remains attractive due to its consistent returns and strong market position, making it a significant player in its sector.