Why is Endurance Tech falling/rising?

As of 30-Jun, Endurance Technologies Ltd. is experiencing a rise in its stock price, currently at Rs 2,772.00, reflecting an increase of Rs 140.3 or 5.33%. The stock has shown strong performance recently, with a 1-week return of 8.71% and a 1-month return of 14.09%. It is also close to its 52-week high, just 1.62% away from Rs 2,816.9. Despite a decline in delivery volume, which fell by 75.62% against the 5-day average, the stock has been gaining for the last two days, with a total increase of 5.64% during this period. The company's positive financial results over the last six quarters, including a significant cash position and high debtor turnover ratio, contribute to the bullish sentiment among investors. However, concerns about long-term growth due to a relatively low operating profit growth rate and a high price-to-book value may temper some enthusiasm.
In the broader market context, Endurance Technologies has outperformed the Sensex, which only increased by 2.09% over the same week. The stock's strong performance relative to the benchmark indicates robust investor confidence, likely bolstered by high institutional holdings at 23.26%. While the stock has generated a modest annual return of 3.47%, its profits have increased significantly, suggesting that the market is responding positively to the company's fundamentals despite some valuation concerns. Overall, the combination of strong recent performance, positive financial indicators, and favorable comparisons to the benchmark supports the upward movement in the stock price.