Why is Endurance Tech falling/rising?

As of 17-Jul, Endurance Technologies Ltd. is experiencing a price increase, currently valued at 2,686.00, reflecting a rise of 6.55 or 0.24%. The stock has shown a positive trend, gaining after two consecutive days of decline, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume on 16 July rising by 225.67% compared to the 5-day average. Over the past week, the stock has outperformed the Sensex, with a return of 1.82% compared to the benchmark's decline of 1.12%. The company's strong financial performance, including positive results for the last six quarters and a high cash position, supports its upward movement.
In the broader market context, Endurance Technologies has demonstrated superior performance compared to the Sensex over various periods, including a year-to-date return of 24.66% against the benchmark's 5.27%. This outperformance is bolstered by high institutional holdings at 23.26%, indicating confidence from more sophisticated investors. However, there are concerns regarding long-term growth, as the operating profit has only grown at an annual rate of 7.16% over the last five years. Despite this risk, the stock's recent performance and positive financial indicators contribute to its rising price.