Why is V-Guard Industri falling/rising?

As of 23-Jul, V-Guard Industries Ltd is experiencing a price increase, currently at Rs 406.75, which reflects a rise of Rs 8.25 or 2.07%. The stock opened with a gain of 3.14% today and reached an intraday high of Rs 411. It has outperformed its sector by 1.87% today, and its trading is above all key moving averages, indicating strong momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 236.66% compared to the 5-day average. The company also boasts high management efficiency, a low debt-to-equity ratio, and strong recent financial results, including a record ROCE and net sales, which contribute positively to its stock performance.
In the broader market context, V-Guard's short-term performance over the past week shows a return of +3.13%, significantly outperforming the Sensex, which only gained +0.11%. While the stock has underperformed the benchmark on a year-to-date basis with a decline of -3.88% compared to the Sensex's +5.87%, its strong institutional holdings at 34.17% suggest confidence from larger investors who are better equipped to analyze the company's fundamentals. Overall, the combination of positive financial indicators and robust trading activity is driving the stock's recent upward movement.