Why is Vardhman Special falling/rising?

As of 15-Sep, Vardhman Special Steels Ltd is experiencing a price increase, with its current price at Rs 277.60, reflecting a rise of 2.6 (0.95%). The stock has been on an upward trend, gaining for the last three days and achieving a total return of 3.27% during this period. It has also outperformed the benchmark Sensex over the past week and month, with returns of 3.97% and 8.35%, respectively. The stock is trading above its moving averages across various time frames, indicating a strong bullish sentiment. Additionally, 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 times, which supports its ability to service debt and contributes to its healthy long-term growth, evidenced by a significant annual operating profit growth rate of 61.70%.
In the broader market context, Vardhman Special Steels Ltd's short-term performance has significantly outpaced the Sensex, which has only returned 1.24% over the past week and 1.47% over the past month. This indicates that the stock is not only performing well relative to the market but also reflects strong investor confidence despite a slight decline in delivery volume, which fell by 1.47% against the five-day average. The liquidity of the stock remains adequate for trading, further supporting its price stability and growth potential. Overall, the combination of strong financial metrics and positive recent performance contributes to the stock's rising price.