Why is Steel Str. Wheel falling/rising?

As of 04-Aug, Steel Strips Wheels Ltd's stock price is currently at 223.05, reflecting an increase of 6.23, or 2.87%. The stock has shown a trend reversal by gaining after two consecutive days of decline, reaching an intraday high of Rs 230. Despite a recent one-week decline of 3.94%, the stock has performed positively year-to-date with a return of 12.51%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 17.04% and healthy long-term growth, as evidenced by an annual operating profit growth rate of 31.20%. Additionally, institutional investor participation has increased, with a 1.42% rise in their stake, indicating confidence in the company's fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 0.16% over the past week. While Steel Strips Wheels Ltd has faced short-term challenges, the overall positive sentiment from institutional investors and the stock's attractive valuation compared to peers may contribute to its recent price increase. The auto ancillary sector has also seen gains of 2.19%, which may be influencing the stock's upward movement. Overall, the combination of rising investor participation and sector performance appears to be supporting the stock's recovery despite its recent volatility.