Why is Asian Energy falling/rising?

As of 29-Aug, Asian Energy Services Ltd is experiencing a price increase, currently at Rs 364.20, reflecting a rise of Rs 3.4 or 0.94%. Despite opening the day with a loss of 2.01%, the stock reached an intraday high of Rs 374.8, indicating some volatility within the trading session. Over the past week, the stock has outperformed the sector by 2.55% and has shown a strong performance with a 9.21% increase over the last week and a 10.33% increase over the past month. The company has maintained a low debt-to-equity ratio and has reported positive results for the last eight consecutive quarters, including a significant growth in profit after tax and high inventory turnover, which supports the stock's upward movement.
In the broader market context, while the Sensex has declined by 1.84% over the past week and 1.88% over the past month, Asian Energy's strong short-term performance contrasts sharply with the benchmark. This divergence suggests that investor sentiment towards Asian Energy remains positive, despite a recent decline in delivery volume, which fell by 24.92% against the 5-day average. The stock's ability to trade above all key moving averages further indicates a bullish trend, reinforcing the notion that the company's fundamentals are driving its price upward, even in a challenging market environment.