Why is Vardhman Special falling/rising?

As of 11-Jul, Vardhman Special Steels Ltd is experiencing a price increase, currently at Rs 263.00, reflecting a rise of 1.0 (0.38%). The stock has shown a positive performance today, outperforming its sector by 1.04%, and has gained consecutively over the last two days with a total return of 3.6%. Despite opening with a loss of 3.82%, it reached an intraday high of Rs 269, indicating volatility within the trading session. Over the past week, the stock has increased by 2.22%, while it has seen a year-to-date return of 15.22%, significantly outperforming the Sensex, which has only risen by 5.58%. The company also exhibits strong fundamentals, with a high return on capital employed (ROCE) of 15.08% and a low debt to EBITDA ratio of 0.82, suggesting efficient management and a solid ability to service debt.
In the broader market context, Vardhman Special Steels Ltd's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. The stock's ability to maintain a higher trading position than its moving averages across various time frames indicates a bullish trend. Additionally, the increase in delivery volume by 131.03% against the 5-day average suggests rising investor interest, further supporting the stock's upward movement. Despite a negative return of -13.77% over the past year, the company's profits have increased by 1.6%, indicating potential for recovery, although the PEG ratio of 18.4 suggests that the stock may be overvalued relative to its growth. Overall, the combination of strong operational metrics and recent positive trading activity contributes to the stock's rising price.