Why is Syrma SGS Tech. falling/rising?

As of 07-Jul, Syrma SGS Technology Ltd is experiencing a price increase, currently at Rs 619.25, which reflects a rise of Rs 16.35 or 2.71%. The stock has shown strong performance today, outperforming its sector by 3.29% and reaching an intraday high of Rs 622. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 9.27%, and in the last month, it has risen by 15.72%, significantly outperforming the Sensex, which has seen a slight decline of 0.20%. Positive factors contributing to this rise include the company's low debt-to-equity ratio, healthy long-term growth in net sales and profits, and consistent positive results over the last three quarters.
In the broader market context, Syrma SGS Technology Ltd's recent performance contrasts sharply with the benchmark, as it has generated a return of 23.53% over the past year compared to the Sensex's 4.31%. However, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 2.03% in the previous quarter, which could indicate a lack of confidence among larger investors. Despite this, the stock's strong fundamentals, including a high return on capital employed and positive growth metrics, suggest that it remains an attractive investment relative to its peers, even as it trades at a premium valuation.