Why is Venus Pipes falling/rising?

As of 18-Jul, Venus Pipes & Tubes Ltd is currently priced at 1,629.90, reflecting an increase of 3.55 or 0.22%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has risen by 1.95%, significantly outperforming the Sensex, which has declined by 0.90%. Additionally, the company has demonstrated strong financial health, with a high return on capital employed (ROCE) of 31.02% and a low debt to EBITDA ratio of 0.85 times. Furthermore, net sales and operating profit have shown impressive annual growth rates of 35.31% and 46.11%, respectively. However, there has been a decline in investor participation, with delivery volume falling by 13.54% compared to the 5-day average.
In the broader market context, Venus Pipes has outperformed the Sensex over the past month, with a return of 18.11% compared to the benchmark's modest gain of 0.38%. This strong performance can be attributed to the high institutional holdings at 20.33%, which have increased by 1.96% over the previous quarter, suggesting confidence from more sophisticated investors. Despite the recent dip in delivery volume, the stock remains liquid enough for trading, which may support its price stability. Overall, the combination of strong financial metrics and positive institutional sentiment contributes to the stock's upward movement in the current market environment.