Why is Elantas Beck falling/rising?

As of 26-Jun, Elantas Beck India Ltd's stock price is rising, currently at Rs 12,399.00, reflecting an increase of Rs 419.05 or 3.5%. The stock has shown strong performance recently, gaining 13.13% over the last six days and outperforming its sector by 2.99% today. It has also demonstrated impressive returns over various periods, including a 30.50% increase over the past month and a remarkable 235.89% rise over the last three years. The company benefits from high management efficiency, as indicated by a return on equity (ROE) of 15.14%, and a low debt-to-equity ratio, which supports its stable financial position.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 2.94% over the past week, Elantas Beck's 12.97% gain highlights its strong relative performance. While the stock has underperformed year-to-date with a decline of 3.13% compared to the Sensex's 7.19% increase, its consistent returns over the last three years and the recent uptick in investor participation suggest a positive sentiment surrounding the stock. The liquidity of the stock remains adequate, further supporting its upward movement in price.