Why is Usha Martin falling/rising?

As of 18-Sep, Usha Martin Ltd's stock price is rising, currently at 416.20, reflecting an increase of 13.95 or 3.47%. The stock has shown strong performance today, outperforming its sector by 3.07% and reaching an intraday high of Rs 419.55, which is a 4.3% increase. Over the past week, the stock has gained 8.73%, and it has also demonstrated impressive returns over longer periods, including a 20.05% increase in the last year and a remarkable 219.54% over the last three years. The company's high management efficiency, indicated by a return on equity (ROE) of 15.54%, and a low debt to EBITDA ratio of 0.63 times, further support its positive momentum.
In the broader market context, Usha Martin's short-term performance significantly outpaces the benchmark, with the Sensex only gaining 1.80% over the past week. This trend of outperformance is consistent, as the stock has also surpassed the benchmark returns over the last month and year-to-date. The rising investor participation, evidenced by a 26.61% increase in delivery volume, coupled with the stock trading above all key moving averages, indicates strong market confidence. Overall, these factors contribute to the stock's upward trajectory, reflecting both its solid fundamentals and favorable market conditions.