Why is Tirupati Forge falling/rising?

As of 11-Jun, Tirupati Forge Ltd is experiencing a price increase, currently at 40.00, reflecting a change of 0.78 or 1.99% upward. The stock has shown strong performance recently, outperforming its sector by 1.07% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 10.31%, and in the last month, it has surged by 34.91%. Additionally, the stock has generated an impressive return of 118.10% over the past year, significantly outpacing the broader market's return of 5.98%. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 16.59%, and a low debt-to-EBITDA ratio of 1.07 times further support its positive outlook.
In the broader market context, Tirupati Forge's short-term performance has been notably strong compared to the benchmark Sensex, which has only increased by 2.12% over the past week. This stark contrast highlights the stock's robust recovery and investor confidence, especially given its healthy long-term growth metrics, including a 39.05% annual growth rate in net sales and an 82.73% increase in operating profit. The liquidity of the stock, being sufficient for trades of Rs 0.01 crore, also contributes to its attractiveness among investors. Overall, the combination of strong financial performance and favorable market conditions has led to the stock's rising price.