Why is Stylam Industrie falling/rising?

As of 27-Oct, Stylam Industries Ltd is experiencing a price increase, currently at 2,050.50, reflecting a change of 141.15 or 7.39% upward. Today's price summary indicates that the stock has outperformed its sector by 6.78% and has shown a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 2080, and it is trading above all key moving averages, suggesting strong momentum. Additionally, there has been a rise in investor participation, with delivery volume increasing by 1.32% compared to the five-day average. The stock's performance over the past week shows an increase of 8.54%, while it has gained 24.38% over the past month, indicating a robust recovery despite a year-to-date decline of 7.90%.
In the broader market context, the Sensex has only increased by 0.49% over the past week and 5.41% over the past month, highlighting Stylam's strong relative performance. The company's fundamentals are also solid, with a high return on equity of 21.30% and a low debt-to-equity ratio of 0.06, which contribute to its healthy long-term growth prospects. Institutional investors have increased their stake by 1.3% in the previous quarter, indicating growing confidence in the company's future. This combination of strong performance metrics and increasing institutional interest supports the stock's upward movement in a relatively stable market environment.