Why is Vardhman Special falling/rising?

As of 10-Jul, Vardhman Special Steels Ltd is experiencing a price increase, currently at Rs 262.00, reflecting a rise of 8.15 (3.21%). The stock has outperformed its sector by 2.41% today and reached an intraday high of Rs 262. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 63.2% against the 5-day average. Despite a year-to-date return of +14.79%, the stock has underperformed over the past month with a -0.21% return, while its annual performance shows a decline of -13.70%.
In the broader market context, the Sensex has shown a slight decline of -0.06% over the past week, while Vardhman Special has remained flat, indicating a relative strength in the stock. The company's strong fundamentals, such as a high return on capital employed (ROCE) of 15.08% and a low debt-to-EBITDA ratio of 0.82, contribute to its healthy long-term growth prospects, with operating profit growing at an annual rate of 52.28%. Although the stock has generated a negative return over the past year, its profits have increased, suggesting that the stock may be undervalued compared to its peers, which could be driving the recent price increase.