Why is Syrma SGS Tech. falling/rising?

As of 11-Aug, Syrma SGS Technology Ltd's stock price is rising, currently at Rs 717.75, reflecting an increase of Rs 14.65 or 2.08%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 1.83%. Today, the stock reached an intraday high of Rs 720.4 and a low of Rs 684.35. Over the past week, the stock has experienced a slight decline of 1.57%, but it has performed well over the past month with a gain of 5.78%. The company has demonstrated strong fundamentals, with a low debt-to-equity ratio of 0.25 and impressive growth in net sales and operating profit. Additionally, institutional investors have increased their stake, indicating confidence in the company's future prospects.
In the broader market context, while the Sensex has seen a minor decline of 0.51% over the past week, Syrma SGS Technology Ltd's performance stands out with a significant year-to-date return of 21.52%, compared to the Sensex's 3.15%. The stock has generated a remarkable 72.74% return over the past year, significantly outperforming the BSE500, which has seen negative returns of -1.85%. This strong performance, coupled with increasing participation from institutional investors, suggests a positive outlook for the stock despite its relatively high valuation metrics.