Why is Vardhman Special falling/rising?

As of 22-Sep, Vardhman Special Steels Ltd is experiencing a rise in its stock price, currently at 276.00, reflecting an increase of 3.25 or 1.19%. The stock has shown positive momentum, gaining for the last two days with a total return of 1.41% during this period. It has outperformed its sector by 1.56% today and reached an intraday high of Rs 281.05. Over the past month, the stock has increased by 7.23%, while year-to-date it has risen by 20.92%. 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 efficient management and a solid ability to service debt. Additionally, 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 Ltd's short-term performance has been slightly negative compared to the benchmark, with a 1-week return of -0.58% against the Sensex's gain of 0.46%. However, the stock's year-to-date performance significantly outpaces the benchmark, which has only increased by 5.15%. The rising investor participation, evidenced by a 57.69% increase in delivery volume, suggests growing interest in the stock, further supporting its upward price movement. Overall, despite some short-term fluctuations, the company's strong fundamentals and positive investor sentiment are driving the stock's recent rise.