Why is Vedanta falling/rising?

As of 24-Oct, Vedanta Ltd. is experiencing a price increase, currently at 495.70, which reflects a rise of 12.85 or 2.66%. The stock has shown strong performance today, outperforming its sector by 1.25% and achieving a consecutive gain over the last three days with a total return of 4.59%. It reached an intraday high of Rs 501, and is trading above all key moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 197.48% compared to the five-day average. The company has demonstrated strong long-term fundamentals, including a high Return on Capital Employed (ROCE) of 30.57% and consistent positive results over the last five quarters, which have contributed to its recent upward price movement.
In the broader market context, Vedanta's short-term return of 4.58% over the past week significantly outpaces the Sensex's return of 0.31%, indicating strong relative performance. The stock has also outperformed the benchmark over the past month and year-to-date, with returns of 10.51% and 11.57%, respectively. This strong performance is further supported by its high dividend yield of 6.52%, making it attractive to investors. However, it is important to note the risk associated with the high percentage of pledged promoter shares, which could exert downward pressure in a falling market. Overall, the combination of strong financial metrics and positive market sentiment has contributed to Vedanta's rising stock price.