Why is Symphony falling/rising?

As of 15-Jul, Symphony Ltd. is experiencing a price increase, currently at 1,165.00, reflecting a rise of 8.7 points or 0.75%. The stock has shown positive momentum, gaining 1.39% over the last two days and reaching an intraday high of Rs 1181.55. Despite this upward movement, the stock's delivery volume has decreased by 28.85% compared to the five-day average, indicating a potential decline in investor participation. In terms of performance against benchmarks, Symphony has returned 1.26% over the past week, while the Sensex has declined by 1.36%. The company's strong management efficiency, highlighted by a high return on equity (ROE) of 16.86% and a low debt-to-equity ratio, supports its valuation, although it is trading at a premium compared to peers.
In the broader market context, Symphony's recent performance contrasts with the Sensex, which has shown a decline over the same period. While the stock has underperformed year-to-date with a decline of 13.33% compared to the Sensex's gain of 5.67%, it has outperformed in the short term, indicating a potential recovery phase. The positive financial results reported, including significant growth in profit before tax and net sales, contribute to a more favorable outlook for the stock. However, the stock's long-term performance remains mixed, with a one-year return of 1.57% against the Sensex's 2.36%, suggesting that while recent movements are positive, the overall trend may still be a concern for investors.