Why is Tata Steel falling/rising?

As of 05-Sep, Tata Steel Ltd's stock price is rising, currently at 167.65, reflecting an increase of 0.9 (0.54%). The stock is trading close to its 52-week high, just 1.52% away from 170.2, and is performing in line with its sector. It has shown strong returns over various periods, including an 8.55% increase over the past week and a 21.40% rise year-to-date. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 18.16% against the 5-day average. The company's strong fundamentals, including a high return on capital employed (ROCE) of 15.27% and significant growth in net profit, further support the stock's upward movement.
In the broader market context, Tata Steel's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.13% over the past week. The company's strong institutional holdings at 43.98% and its ranking among the top companies by MarketsMojo indicate confidence from sophisticated investors. Furthermore, Tata Steel's healthy long-term growth metrics, such as an annual net sales growth rate of 11.10% and a substantial increase in operating profit, contribute to its market-beating performance. Overall, the combination of strong financial results, positive investor sentiment, and favorable market conditions has led to the stock's rising price.