Why is Vardhman Special falling/rising?

As of 26-Jun, Vardhman Special Steels Ltd is experiencing a slight increase in its stock price, currently at 270.10, with a change of 0.3, representing a 0.11% rise. The stock has shown strong performance recently, gaining 11.31% over the last two days, although it underperformed its sector by 1.77% today. It is trading above its moving averages across various time frames, indicating positive momentum. Despite a year-to-date return of 18.34%, the stock has faced challenges over the past year, with a decline of 16.01%. The company demonstrates high management efficiency with a return on capital employed (ROCE) of 15.08% and a low debt to EBITDA ratio of 0.82, suggesting a strong ability to manage debt and healthy long-term growth, as indicated by an annual operating profit growth rate of 52.28%.
In the broader market context, Vardhman Special Steels has outperformed the benchmark Sensex over the past week, with a return of 10.09% compared to the Sensex's 2.94%. However, the stock's performance over the last month has been slightly negative at -0.33%, while the Sensex has gained 1.92%. This indicates that while the stock has shown strong short-term gains, it has struggled to maintain momentum in the longer term compared to the broader market. The stock's valuation remains attractive as it trades at a discount relative to its peers, which may contribute to investor interest and support its recent price rise.