Why is Surya Roshni falling/rising?

As of 15-Jul, Surya Roshni Ltd's stock price is currently at Rs 318.75, reflecting an increase of Rs 2.6 or 0.82%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and opened with a 2.1% gain. It reached an intraday high of Rs 322.8, indicating positive momentum. Additionally, the stock has outperformed its sector by 0.75% today, with a notable increase in delivery volume, which rose by 118.41% against the 5-day average. Over the past year, the stock has generated a return of 2.92%, while its profits have increased by 5.3%, suggesting a solid financial performance. The company's low Debt to EBITDA ratio of 0.79 times and strong cash reserves further support its ability to service debt, contributing to a favorable outlook.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 4.85% over the past week while the Sensex fell by only 1.36%. However, on a year-to-date basis, Surya Roshni has outperformed the Sensex with a return of 7.31% compared to the benchmark's 5.67%. This indicates that while the stock may be experiencing short-term volatility, its long-term performance remains strong, particularly over the last three years where it has consistently outperformed the BSE500. Overall, the stock's recent rise can be attributed to positive investor sentiment and strong financial fundamentals, despite some short-term challenges.