Why is Sunflag Iron falling/rising?

As of 26-Jun, Sunflag Iron & Steel Company Ltd is experiencing a price increase, currently at Rs 302.65, which reflects a rise of Rs 11.55 or 3.97%. The stock has shown strong performance recently, gaining 12.93% over the past week and 13.56% over the last month. Despite opening lower today with a loss of 3.47%, it reached an intraday high of Rs 306.1, indicating volatility within the trading day. The stock is currently close to its 52-week high, just 2.84% away, and has consistently outperformed its sector by 2.09%. Additionally, the company has a low Debt to EBITDA ratio of 1.13 times, showcasing its strong ability to service debt, which supports investor confidence and contributes to its rising stock price.
In the broader market context, Sunflag Iron's short-term performance significantly outpaces the benchmark, with the stock returning 12.93% over the past week compared to the Sensex's 2.94%. This trend of outperforming the market has been consistent, as evidenced by the stock's 41.16% return over the past year, which also surpasses the BSE 500's performance. However, there is a noted decline in investor participation, with delivery volume falling by 14.86% against the 5-day average, which could indicate a potential concern for sustained momentum. Overall, while the stock is currently rising, the decrease in trading volume may warrant close monitoring moving forward.