Why is Steel Str. Wheel falling/rising?

As of 29-Aug, Steel Strips Wheels Ltd is experiencing a price increase, currently at Rs 215.50, reflecting a rise of Rs 3.5 or 1.65%. Today, the stock opened with a gain of 2.88% and reached an intraday high of Rs 218.1. Despite this positive movement, the stock has shown a decline of 8.26% over the past month and a return of -4.43% over the last year. However, it has outperformed the sector today by 1.12%. The stock is trading above its 5-day and 200-day moving averages but below its 20-day, 50-day, and 100-day moving averages. Notably, there has been a significant drop in investor participation, with delivery volume falling by 58.85% compared to the 5-day average. Positive factors contributing to the stock's recent movement include high management efficiency, healthy long-term growth in net sales and operating profit, and an increase in institutional investor participation, which has risen by 1.42% over the previous quarter.
In the broader market context, Steel Strips Wheels Ltd has outperformed the Sensex in the short term, with a weekly return of +2.13% compared to the Sensex's -1.84%. This indicates that while the stock has faced challenges over the longer term, its recent performance has been relatively strong against the benchmark. The stock's attractive valuation, trading at a discount compared to peers, and the increasing stake of institutional investors suggest a level of confidence in the company's fundamentals, which may be supporting the recent price rise despite the overall market conditions.