Why is Sudal Industries falling/rising?

As of 26-Jun, Sudal Industries Ltd is experiencing a price increase, with its current price at Rs. 69.80, reflecting a rise of 3.32 (4.99%). The stock has recently hit a new 52-week and all-time high of Rs. 69.80 today, and it has outperformed its sector by 2.3%. Over the past two days, the stock has gained 13.5%, and it opened with a gain of 4.99% today. Additionally, Sudal Industries has shown strong performance in the past week, with a return of 10.81%, and an impressive 84.17% return over the past month. The company has declared positive results for the last five consecutive quarters, with a significant growth in operating profit of 47.22%, which contributes to its attractive valuation and positive investor sentiment.
In the broader market context, Sudal Industries' short-term performance has significantly outpaced the benchmark, with a 10.81% return over the past week compared to the Sensex's 2.94%. This strong performance is supported by rising investor participation, as evidenced by a 233.94% increase in delivery volume against the five-day average. The aluminium sector, in which Sudal operates, has also seen gains of 2.69%, further bolstering the stock's upward momentum. Overall, the combination of strong financial results, positive market sentiment, and sector performance has contributed to the rising stock price of Sudal Industries Ltd.