Why is Venus Pipes falling/rising?

As of 09-Jul, Venus Pipes & Tubes Ltd is experiencing a price increase, with the current price at Rs 1,625.00, reflecting a rise of Rs 54.5 or 3.47%. The stock has shown strong performance today, outperforming its sector by 4.19% and achieving consecutive gains over the last four days, resulting in a total return of 13.23% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The rising investor participation is notable, with a delivery volume increase of 129.55% compared to the 5-day average. The company also demonstrates strong fundamentals, including a high return on capital employed (ROCE) of 31.02%, a low debt to EBITDA ratio of 0.85, and significant growth in net sales and operating profit, which supports the stock's recent upward movement.
In the broader market context, Venus Pipes has significantly outperformed the Sensex over the past week and month, with returns of 11.08% and 12.03%, respectively, compared to the benchmark's modest gains of 0.15% and 1.32%. This indicates a strong relative performance that may attract further investor interest. The stock's year-to-date performance of 7.86% also surpasses the Sensex's 6.91%, reinforcing its appeal in the current market environment. The increase in institutional holdings by 1.96% over the previous quarter further suggests confidence from more sophisticated investors, which can positively influence retail investor sentiment and contribute to the stock's rising trend.