Why is Solar Industries falling/rising?

As of 15-Sep, Solar Industries India Ltd's stock price is currently at 14,464.65, reflecting an increase of 61.3 points or 0.43%. The stock has been gaining for the last two days, with a return of 3.39% during this period. It is performing well compared to its recent moving averages, being higher than the 5-day, 20-day, and 200-day averages, although it is lower than the 50-day and 100-day averages. The stock has shown strong long-term fundamental strength, evidenced by an average Return on Capital Employed (ROCE) of 30.00% and a healthy growth in net sales and operating profit. Additionally, the company has consistently declared positive results over the last five quarters, which has likely contributed to the recent price increase.
In the broader market context, Solar Industries has outperformed the Sensex in the short term, with a 1-week return of 3.84% compared to the benchmark's 1.24%. This indicates that investor sentiment towards the stock remains positive, bolstered by rising investor participation and liquidity. The stock's strong institutional holdings at 20.38% suggest that knowledgeable investors are confident in its fundamentals. However, it is worth noting that the stock is considered expensive with a high Price to Book Value ratio, which may pose risks if market conditions change. Overall, the combination of strong performance metrics and positive investor sentiment has contributed to the stock's recent upward movement.