Why is Wires & Fabriks falling/rising?

As of 18-Jul, Wires & Fabriks (S.A) Ltd is experiencing a price increase, currently at 256.65, reflecting a rise of 6.85 or 2.74%. The stock opened with a gain of 2.74% today and has maintained this price throughout the trading session. Over the past week, the stock has shown a return of 1.40%, and it has significantly outperformed the benchmark Sensex, which has declined by 0.90%. Additionally, the stock has demonstrated strong performance over longer periods, with a 45.00% return over the past year and a remarkable 179.27% return over the last three years. Despite a recent decline in delivery volume, the stock is trading above all key moving averages, indicating positive momentum. The company's attractive valuation, trading at a discount compared to peers, and a solid return on capital employed (ROCE) of 4.7 further support its recent price rise.
In the broader market context, Wires & Fabriks has outperformed the Sensex, which has only gained 0.38% over the past month and 4.63% year-to-date. This strong relative performance highlights the stock's resilience and appeal to investors, particularly in comparison to the overall market trends. However, it is important to note that the company faces challenges, including a high debt-to-EBITDA ratio and weak long-term growth metrics, which could impact its future performance. Despite these concerns, the stock's recent upward movement is bolstered by its historical performance and attractive valuation relative to peers, making it an appealing option for investors in the current market environment.