Why is Steelcast falling/rising?

As of 19-Nov, Steelcast Ltd's stock price is currently at 225.45, reflecting an increase of 3.75, or 1.69%. The stock has been gaining for the last two days, with a total return of 3.51% during this period. However, it has underperformed its sector by 0.31% today. Despite a decrease in delivery volume by 33.23% compared to the 5-day average, Steelcast is trading above its moving averages across various time frames, indicating a strong upward trend. The company has demonstrated robust financial health, with a low debt-to-equity ratio of 0.08 and significant growth in operating profit at an annual rate of 65.85%. Additionally, it has reported positive results for the last three consecutive quarters, contributing to its impressive one-year return of 49.66%, which significantly outpaces the broader market.
In the broader market context, Steelcast's short-term performance of 1.78% over the past week exceeds the Sensex's return of 0.85% during the same period. This indicates that Steelcast is not only performing well relative to its historical benchmarks but also maintaining a strong position against the market. The company's consistent growth in net sales and profit after tax further supports its positive outlook, despite the recent decline in investor participation. Overall, while there are some signs of reduced trading activity, the underlying fundamentals and recent performance suggest that Steelcast is on a positive trajectory.