Why is Vardhman Special falling/rising?

As of 03-Jul, Vardhman Special Steels Ltd is experiencing a price increase, currently at Rs 262.00, which reflects a rise of Rs 6.0 or 2.34%. Today's price summary indicates that the stock outperformed its sector by 2.76%, reaching an intraday high of Rs 263.5. In terms of returns, the stock has shown a year-to-date increase of 14.79%, although it has declined by 16.00% over the past year. The company demonstrates strong fundamentals with a high return on capital employed (ROCE) of 15.08% and a low debt to EBITDA ratio of 0.82, indicating a solid ability to manage debt. Furthermore, the stock is trading at a discount compared to its peers, suggesting potential for future appreciation despite its recent negative performance.
Broader market context shows that while Vardhman Special Steels has underperformed the Sensex over the past week and month, it has significantly outperformed the benchmark over the last three and five years, with returns of 127.68% and 773.33%, respectively. The stock's recent price movement is supported by rising investor participation, as evidenced by a 30.54% increase in delivery volume compared to the five-day average. This liquidity, combined with the company's healthy long-term growth prospects, positions it favorably in the market despite its short-term fluctuations.