Why is Asian Energy falling/rising?

As of 25-Aug, Asian Energy Services Ltd is experiencing a significant rise in its stock price, currently at 359.55, reflecting an increase of 26.05 or 7.81%. Today's price summary indicates that the stock outperformed its sector by 7.64% and opened with a gain of 2.55%. After three consecutive days of decline, the stock has shown a trend reversal, reaching an intraday high of Rs 363.05. In terms of returns, the stock has performed well over the past week and month, with increases of 3.62% and 26.16%, respectively, despite a year-to-date decline of 3.99%. The company has also demonstrated strong financial health, with positive results for the last eight quarters, including a 56.78% growth in profit after tax and a high inventory turnover ratio.
Broader market context shows that while Asian Energy has outperformed the Sensex in the short term, with a 1-week return significantly higher than the benchmark's 0.45%, it has underperformed on a year-to-date basis compared to the Sensex's 4.48% increase. The stock's liquidity remains adequate for trading, although there has been a notable decline in investor participation, with delivery volume dropping by 36.94% against the 5-day average. This combination of strong recent performance, positive financial indicators, and a favorable comparison to the benchmark suggests that the stock's rise is supported by both company-specific strengths and a favorable short-term market environment.