Why is Stylam Industrie falling/rising?

As of 01-Aug, Stylam Industries Ltd is experiencing a price increase, currently at 1,816.65, reflecting a rise of 65.4 points or 3.73%. Today's price summary indicates that the stock has outperformed its sector by 4.24% and has gained after four consecutive days of decline, opening with a notable gain of 5.35%. The stock reached an intraday high of Rs 1845. However, it is important to note that the stock has shown a negative return of -4.38% over the past week and a year-to-date decline of -18.40%. Despite these challenges, the company maintains a high management efficiency with a return on equity (ROE) of 21.30% and a low debt-to-equity ratio of 0.06, suggesting a fair valuation compared to its peers.
In the broader market context, while Stylam Industries has outperformed the Sensex by 4.24% today, its one-week performance of -4.38% contrasts with the Sensex's decline of only -1.06%. This indicates that the stock's recent rise may be a corrective movement following a period of underperformance. Additionally, the falling participation from institutional investors, who have reduced their stake by -1.19%, may contribute to the stock's volatility. The overall market sentiment appears cautious, as evidenced by the stock's year-to-date performance lagging behind the Sensex's positive return of +3.15%.