Why is Elantas Beck falling/rising?

As of 17-Jul, Elantas Beck India Ltd's stock price is rising, currently at 14,006.75, reflecting an increase of 765.9 or 5.78%. The stock has shown a positive trend today, outperforming its sector by 5.53% and reversing a three-day decline. It reached an intraday high of Rs 14,122, indicating strong buying interest. Over the past week, the stock has gained 12.41%, significantly outperforming the Sensex, which has declined by 1.12%. Additionally, the stock has demonstrated consistent returns, with a 24.40% increase over the past year and a remarkable 225.61% rise over the last three years. The company benefits from high management efficiency, evidenced by a return on equity of 15.14%, and a low debt-to-equity ratio, which supports its financial stability.
In the broader market context, Elantas Beck's recent performance contrasts sharply with the Sensex, which has only seen a 0.83% increase over the past month. This strong relative performance highlights investor confidence in the company amidst a generally subdued market. Despite a decline in delivery volume, which fell by 61.89% against the five-day average, the stock remains liquid enough for trading, suggesting that investor interest is still present. Overall, the stock's upward movement can be attributed to its strong historical performance, efficient management, and the ability to generate consistent returns, positioning it favorably against market benchmarks.