Why is Advait Energy falling/rising?

As of 15-Jul, Advait Energy Transitions Limited's stock is rising, currently priced at 2,096.60, reflecting an increase of 58.0 or 2.85%. The stock has shown strong performance today, outperforming its sector by 3.07% and achieving a consecutive gain over the last two days with a total return of 9.55%. It reached an intraday high of Rs 2142, indicating robust trading activity. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. Additionally, the company has demonstrated impressive growth with net sales increasing at an annual rate of 55.10% and operating profit rising by 84.71%. The positive results declared in the last two quarters, including record net sales and profit before depreciation, interest, and taxes, have contributed to the stock's upward movement.
In the broader market context, Advait Energy's short-term return of +16.87% over the past week significantly outperforms the Sensex, which has declined by 1.36% during the same period. This stark contrast highlights the stock's strength relative to the overall market. The company's low debt-to-equity ratio and consistent returns over the last three years further bolster investor confidence, allowing it to maintain a strong position despite broader market fluctuations. Overall, Advait Energy's solid financial performance and positive investor sentiment are key factors driving its stock price higher.