Why is Steel Str. Wheel falling/rising?

As of 26-Jun, Steel Strips Wheels Ltd is experiencing a slight increase in its stock price, currently at Rs. 273.05, reflecting a change of 0.55 or 0.2% upward. The stock has recently hit a new 52-week high of Rs. 278 and has shown a strong performance over the last four days, gaining 6.45% during this period. Additionally, the stock has outperformed the benchmark indices, with a 1-week return of 5.02% compared to the Sensex's 2.94%, and a year-to-date return of 37.73% against the Sensex's 7.19%. Despite a recent decline in investor participation, as indicated by a 32.87% drop in delivery volume, the stock remains liquid enough for trading. The company's high management efficiency, reflected in a return on capital employed (ROCE) of 17.04%, and healthy long-term growth with an annual operating profit growth rate of 31.20%, contribute positively to its recent price movement.
In the broader market context, Steel Strips Wheels Ltd has consistently outperformed the market, generating a 26.68% return over the past year, significantly higher than the BSE 500's return of 4.11%. This strong performance is supported by positive financial results, including a high operating profit to interest ratio and a low debt-equity ratio, which enhance the stock's attractiveness. The stock's valuation remains appealing, trading at a discount compared to its peers, despite a slight decline in profits over the past year. Overall, the combination of strong operational metrics and market-beating performance has contributed to the stock's upward trajectory.