Why is Solar Industries falling/rising?

As of 11-Aug, Solar Industries India Ltd is experiencing a price increase, currently at Rs 14,885.65, reflecting a rise of Rs 429.6 or 2.97%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 1.93%. It reached an intraday high of Rs 15,088, marking a 4.37% increase. Over the past week, the stock has risen by 3.61%, while its performance over the last month shows a decline of 3.29%. The company has demonstrated strong long-term fundamentals, with a robust average Return on Capital Employed (ROCE) of 30.00% and consistent positive results over the last five quarters, contributing to its recent upward movement.
In the broader market context, the stock's short-term performance contrasts favorably with the benchmark, as the Sensex has declined by 0.51% over the past week. Despite a slight decrease of 3.29% over the last month, Solar Industries has significantly outperformed the Sensex year-to-date, with a return of 51.66% compared to the benchmark's 3.15%. The company’s strong institutional holdings at 20.38% and its ranking among the top companies in the market further bolster investor confidence, despite concerns regarding its high valuation metrics. Overall, the combination of solid financial performance, institutional support, and a favorable comparison to the broader market has contributed to the stock's rising price.