Why is Usha Martin falling/rising?

As of 23-Sep, Usha Martin Ltd's stock price is currently at Rs. 441.85, reflecting an increase of Rs. 9.9 or 2.29%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 9.84% during this period. It reached a new 52-week high of Rs. 452.5 today, outperforming its sector by 1%. The stock's performance over various time frames has been impressive, with a 25.87% return over the past year and a staggering 250.26% over the last three years. Additionally, the company demonstrates high management efficiency with a return on equity (ROE) of 15.54% and a low debt to EBITDA ratio of 0.63, indicating strong financial health and the ability to service its debt effectively.
In the broader market context, Usha Martin's short-term performance has significantly outpaced the benchmark, with a 1-week return of +8.58% compared to the Sensex's -0.34%. This trend of outperforming the market is consistent, as the stock has also shown strong returns over the past month and year, contrasting with the Sensex's performance. The rising investor participation, evidenced by an increase in delivery volume, further supports the stock's upward movement, suggesting positive sentiment among investors. Overall, Usha Martin's strong financial metrics and consistent market-beating performance contribute to its rising stock price.