Why is Syrma SGS Tech. falling/rising?

As of 25-Aug, Syrma SGS Technology Ltd's stock price is rising, currently at 751.05, reflecting an increase of 5.45 (0.73%). The stock has shown strong performance recently, gaining 3.93% over the last three days, and is only 4.32% away from its 52-week high of Rs 781.05. Despite underperforming its sector by 0.54% today, the stock has outperformed the broader market significantly, with a year-to-date return of 27.16% compared to the Sensex's 4.48%. The company has demonstrated robust fundamentals, including a low debt-to-equity ratio of 0.25, a substantial growth in net sales and operating profit, and positive results over the last four quarters, which have likely contributed to investor confidence and the stock's upward movement.
In the broader market context, Syrma SGS Technology Ltd's short-term performance of +4.99% over the past week stands in stark contrast to the Sensex, which has only increased by 0.45%. This indicates that the stock is gaining traction among investors, particularly institutional investors who have increased their stake by 1.56% in the last quarter. While the stock's valuation appears high with a ROCE of 11 and an enterprise value to capital employed ratio of 7.1, it is trading at a discount compared to its peers, suggesting potential for further growth. Overall, the combination of strong company fundamentals, increasing institutional interest, and significant outperformance relative to the market supports the stock's rising price.