Why is Asian Energy falling/rising?

As of 26-Aug, Asian Energy Services Ltd is experiencing a price increase, currently at Rs 367.00, reflecting a rise of Rs 7.45 or 2.07%. The stock has shown strong performance today, outperforming its sector by 3.79% and achieving a consecutive gain over the last two days with a total return of 10.04%. It reached an intraday high of Rs 375, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 187.18% compared to the 5-day average. The company has also reported positive financial results over the last eight quarters, including a 56.78% growth in profit after tax and a high inventory turnover ratio, which contribute to the stock's upward momentum.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +4.89% compared to the benchmark's -1.05%. This indicates that while the overall market may be facing challenges, Asian Energy Services Ltd is gaining traction among investors. Despite a year-to-date decline of 2.00% against the Sensex's increase of 3.39%, the recent positive performance and strong fundamentals suggest that the stock is attracting interest, contributing to its rising price.