Why is Star Delta Trans falling/rising?

As of 16-Sep, Star Delta Transformers Ltd is experiencing a price increase, currently at 623.95, reflecting a change of 10.0 or 1.63% upward. The stock has shown a trend reversal after two consecutive days of decline, outperforming its sector by 1.07%. It reached an intraday high of Rs 638.7, indicating positive momentum. Despite a year-to-date decline of 31.88%, the stock has performed better over the last month with a return of 6.80%. The company has a low debt-to-equity ratio and strong long-term growth prospects, with net sales increasing at an annual rate of 31.81% and operating profit at 49.52%. However, it has also faced challenges, such as low management efficiency reflected in a return on equity of 9.32% and flat results in the most recent quarter.
In the broader market context, the Sensex has increased by 1.58% over the past week, while Star Delta's stock has decreased by 2.73%, indicating underperformance in the short term. However, the stock's recent upward movement may be attributed to rising investor participation, as evidenced by a 33.79% increase in delivery volume compared to the five-day average. While the stock has underperformed the market over the past year, the current positive price movement suggests a potential recovery phase, driven by its attractive valuation relative to peers and improving sales growth.