Why is Avalon Tech falling/rising?

As of 18-Sep, Avalon Technologies Ltd is experiencing a rise in its stock price, currently at 990.25, reflecting an increase of 37.25 or 3.91%. The stock has shown strong performance today, outperforming its sector by 2.89%, and reached an intraday high of Rs 1009.7, which is a 5.95% increase. Over the past week, the stock has gained 3.33%, and in the last month, it has surged by 15.66%. Despite a decline in delivery volume by 49.37% against the 5-day average, the company maintains a low debt-to-equity ratio of 0.06 and has reported positive results for the last four consecutive quarters, with a remarkable growth in PAT and net sales. This strong financial performance contributes to the stock's upward movement.
In the broader market context, Avalon Technologies has significantly outperformed the benchmark, as the BSE500 has seen negative returns of -1.96% over the past year while Avalon has achieved a remarkable 69.56% return. The stock's performance over various periods, including a 1-week increase of 3.33% compared to the Sensex's 1.80%, indicates a robust market position. The company’s ability to deliver consistent positive results amidst a challenging market environment further supports investor confidence, contributing to the stock's rising price.