Why is SRF falling/rising?

As of 18-Aug, SRF Ltd. is experiencing a price increase, currently at 2,936.20, reflecting a rise of 98.0 points or 3.45%. The stock has shown a strong performance today, outperforming its sector by 1.67% and reaching an intraday high of Rs 2,945, which is a 3.76% increase. However, it is important to note that the stock has a mixed performance over the past month, with a decline of 7.72%. Despite this, the stock has demonstrated significant growth year-to-date, with a return of 31.62%. The company benefits from high management efficiency, a low debt-to-EBITDA ratio, and strong sales growth, which contribute positively to its recent price movement. Additionally, high institutional holdings at 37.13% suggest confidence from knowledgeable investors, further supporting the stock's upward trend.
In the broader market context, SRF's short-term return of 2.06% over the past week significantly outpaces the Sensex, which has only gained 0.83% in the same period. This indicates that SRF is performing well relative to the overall market, which has seen negative returns of -1.14% over the past year while SRF has achieved an 18.40% return. The stock's ability to maintain a strong performance despite broader market challenges highlights its resilience and attractiveness to investors.