Why is SRF falling/rising?

As of 24-Sep, SRF Ltd. is currently priced at 2,907.15, reflecting a slight increase of 2.8 (0.1%). The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.98%. However, it has experienced a 1.16% decrease over the past week and a 0.31% decline over the past month, while it has significantly outperformed the market year-to-date with a 30.32% increase compared to the Sensex's 4.58%. The stock's performance is supported by strong fundamentals, including a high return on capital employed (ROCE) of 17.30%, a low debt-to-EBITDA ratio of 1.23 times, and healthy long-term growth in net sales and operating profit. Despite a recent drop in investor participation, the stock remains liquid enough for trading.
Broader Market Context: In the short term, SRF's performance has been slightly better than the benchmark, as it has outperformed the Sensex by 0.02% over the past week. While the stock has faced some challenges, including a decline in delivery volume and a lower performance compared to the benchmark over the last three years, it has managed to maintain a strong position in the market with high institutional holdings at 37.13%. This suggests that institutional investors have confidence in the company's fundamentals, which may contribute to the stock's resilience despite broader market fluctuations.