Why is Astra Microwave falling/rising?

As of 06-Oct, Astra Microwave Products Ltd is experiencing a price increase, with the current price at Rs 1,115.90, reflecting a rise of 1.95 (0.18%). The stock has shown strong performance recently, gaining 13.52% over the last three days and outperforming the benchmark indices significantly, with a year-to-date return of 45.05% compared to the Sensex's 4.67%. Additionally, Astra Microwave is trading above its moving averages across various time frames, indicating a bullish trend. The company has a low Debt to EBITDA ratio of 0.62, which suggests a strong ability to service its debt, and its operating profit has grown at an annual rate of 30.50%. High institutional holdings at 20.83% further support the stock's stability, as these investors typically have more resources to analyze the company's fundamentals.
In the broader market context, Astra Microwave's short-term return of 11.82% over the past week significantly outpaces the Sensex's return of 1.77%, highlighting the stock's strong momentum relative to the market. The rising investor participation, evidenced by a 138.33% increase in delivery volume, suggests growing confidence among investors. This combination of strong financial health, consistent returns over the past three years, and favorable market conditions contributes to the stock's upward movement, reinforcing its attractiveness to both institutional and retail investors.