Why is Solar Industries falling/rising?

As of 21-Aug, Solar Industries India Ltd is experiencing a price increase, currently at Rs 14,658.10, reflecting a rise of Rs 194.85 or 1.35%. Today's performance indicates a trend reversal, as the stock has gained after three consecutive days of decline, outperforming its sector by 1.33%. The stock reached an intraday high of Rs 14,902.7, marking a 3.04% increase. Despite a recent decline in investor participation, with delivery volume falling by 8.83% against the 5-day average, the stock remains above its 100-day and 200-day moving averages. The company has demonstrated strong long-term fundamentals, with a robust return on capital employed (ROCE) of 30.00%, consistent positive results over the last five quarters, and a healthy growth rate in net sales and operating profit.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -2.91% against the Sensex's +1.74%. However, the stock has shown impressive long-term growth, with a year-to-date return of +49.34% compared to the Sensex's +4.94%. The high institutional holdings at 20.38% suggest confidence from knowledgeable investors, which can positively influence market perception. Despite its expensive valuation indicated by a high price-to-book ratio, the stock's consistent returns over the past three years and its significant market capitalization position it favorably within the sector.