Why is Vardhman Special falling/rising?

As of 30-Jul, Vardhman Special Steels Ltd is experiencing a price increase, currently at Rs 268.45, reflecting a rise of Rs 4.5 or 1.7%. The stock has shown strong performance today, outperforming its sector by 1.11% and has gained consecutively for the last two days, accumulating a total return of 7.6% during this period. It opened with a notable gain of 3.79% and reached an intraday high of Rs 273.95. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company also demonstrates high management efficiency with a return on capital employed (ROCE) of 15.08% and a low debt to EBITDA ratio of 0.82 times, which supports its ability to service debt effectively. Furthermore, the operating profit has grown at an impressive annual rate of 61.70%, contributing to a healthy long-term growth outlook.
In the broader market context, Vardhman Special Steels has outperformed the benchmark Sensex, which has declined by 1.50% over the past week while the stock itself has increased by 0.92%. Over the last month, the stock has risen by 2.62%, contrasting with the Sensex's drop of 2.54%. This trend highlights the stock's resilience and attractiveness to investors, particularly in a challenging market environment. The rising investor participation, evidenced by a 13.76% increase in delivery volume, further underscores the stock's liquidity and appeal, suggesting that investors are confident in its future performance despite broader market fluctuations.