Why is Asian Energy falling/rising?

As of 05-September, Asian Energy Services Ltd is experiencing a price increase, currently at Rs 386.60, reflecting a rise of Rs 11.8 or 3.15%. The stock has shown strong performance today, outperforming its sector by 2.41% and reaching an intraday high of Rs 389.2, which is a 3.84% increase. Over the past week, the stock has gained 6.15%, and over the past month, it has risen by 11.14%. Despite a decline of 5.79% over the past year, the company has demonstrated robust growth in recent quarters, with a significant increase in profit after tax and a high inventory turnover ratio. Additionally, the company's low debt-to-equity ratio and consistent positive results over the last eight quarters contribute positively to investor sentiment.
In the broader market context, Asian Energy's short-term performance has significantly outpaced the Sensex, which has only increased by 1.13% over the past week. The stock's liquidity remains adequate, allowing for trades of Rs 0.47 crore based on its average traded value. However, there is a noted decline in investor participation, with delivery volume falling by 9.06% against the five-day average, which could be a concern for future trading activity. Overall, while the stock is currently rising, the decrease in investor participation may warrant caution moving forward.