Why is Subros falling/rising?

As of 12-Jun, Subros Ltd's stock price is rising, currently at 860.40, reflecting an increase of 76.85 or 9.81%. The stock has recently hit a new 52-week and all-time high of Rs. 875, showcasing a strong performance today with an intraday high that represents an 11.67% increase. Over the past week, Subros has outperformed the sector by 11.75%, and its returns over the last month and year stand at 38.77% and 36.91%, respectively. The company has demonstrated consistent positive results over the last seven quarters, with significant metrics such as a return on capital employed (ROCE) of 19.64% and record net sales of Rs 908.46 crore. Additionally, the stock's low debt-to-equity ratio and high institutional holdings at 43.98% suggest strong investor confidence, contributing to its upward price movement.
In the broader market context, Subros has significantly outperformed the benchmark Sensex, which has only increased by 0.31% over the past week, while Subros has gained 15.49% in the same period. This trend of outperformance is consistent, as Subros has generated 38.22% returns year-to-date compared to the Sensex's 4.55%. However, it is worth noting that the auto ancillary sector has seen a decline of 2.02%, indicating that while Subros is thriving, the broader sector is facing challenges. Despite a recent drop in investor participation, as evidenced by a 33.54% decrease in delivery volume, the stock remains liquid and continues to attract institutional interest, which may help sustain its upward trajectory.