Why is Endurance Tech falling/rising?

As of 01-Jul, Endurance Technologies Ltd. is experiencing a price increase, currently at 2,885.05, reflecting a rise of 113.05 or 4.08%. The stock has recently hit a new 52-week high of Rs. 3029.85 and has outperformed its sector by 4.02%. Over the past three days, the stock has gained 9.95%, and it is trading above all key moving averages, indicating strong momentum. The company has demonstrated robust performance with positive results for the last six consecutive quarters, including record cash and net sales figures, and a low debt-to-equity ratio, which has likely contributed to increased investor confidence and participation.
In the broader market context, Endurance Technologies has significantly outperformed the Sensex, with a 14.68% return over the past week compared to the benchmark's 2.00%. The stock's strong performance is further highlighted by its long-term returns, having generated a 33.90% return year-to-date, compared to the Sensex's 7.11%. However, there are concerns regarding its long-term growth potential, as indicated by a modest operating profit growth rate and a relatively high price-to-book ratio, which may temper some investor enthusiasm despite the current upward momentum.