Why is E-Land Apparel falling/rising?

As of 11-Jul, E-Land Apparel Ltd's stock price is rising, currently at Rs. 29.84, reflecting an increase of Rs. 0.58 or 1.98%. The stock has reached a new 52-week high today and has been on an upward trend, gaining 12.56% over the last six days. It has outperformed its sector by 3.5% today and is trading above all key moving averages, indicating strong momentum. The company has reported impressive financial results, including a 123.96% growth in net profit and a remarkable 2273.6% increase in PAT compared to the previous four-quarter average, contributing to positive investor sentiment and driving the stock's recent performance.
In the broader market context, E-Land Apparel's short-term return of 10.36% over the past week significantly outpaces the Sensex, which has declined by 1.12% during the same period. This strong performance is further highlighted by the company's long-term returns, with a staggering 220.52% increase over the past year, showcasing its ability to outperform the broader market consistently. Despite a noted decline in investor participation, the overall positive financial results and market-beating performance have contributed to the stock's rising trajectory.