Why is Sunflag Iron falling/rising?

As of 15-Jul, Sunflag Iron & Steel Company Ltd's stock price is rising, currently at 300.95, reflecting an increase of 5.95 or 2.02%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It outperformed its sector by 1.95% today and reached an intraday high of Rs 303.95. Over the past month, the stock has generated a return of 11.03%, significantly outperforming the Sensex, which only increased by 1.79%. Additionally, the company has demonstrated strong long-term performance, with a 258.49% return over the last three years and a 675.64% return over the last five years. The company's low Debt to EBITDA ratio of 1.13 times indicates a strong ability to service debt, which supports investor confidence.
In the broader market context, the stock's short-term performance has been relatively stable, with a slight decline of 0.03% over the past week, while the Sensex has decreased by 1.36%. This suggests that Sunflag Iron is holding up better than the overall market in the short term. Despite a recent drop in investor participation, as evidenced by a 12.18% decline in delivery volume, the stock remains liquid enough for trading. Overall, the combination of strong historical performance and the recent positive price movement indicates that investor sentiment is favorable towards Sunflag Iron & Steel Company Ltd.