Why is Endurance Tech falling/rising?

As of 04-Aug, Endurance Technologies Ltd. is experiencing a price increase, currently at 2,610.00, reflecting a rise of 133.4 points or 5.39%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 3.17% and reached an intraday high of Rs 2,690.45, marking an increase of 8.63%. Over the past week, the stock has shown a return of +2.77%, while its year-to-date performance stands at +21.14%. The company has demonstrated strong fundamentals, with positive results for the last six consecutive quarters, a low debt-to-equity ratio, and high institutional holdings at 23.08%, which contribute to its fair valuation compared to peers.
In the broader market context, the Sensex has only increased by 0.16% over the past week, indicating that Endurance Technologies is outperforming the benchmark significantly in the short term. The auto ancillary sector, in which the company operates, has also gained by 2.18%, suggesting a favorable environment for the industry. However, there has been a notable decline in investor participation, with delivery volume falling by 42.25% against the five-day average, which could indicate a potential concern for future liquidity. Overall, the stock's recent rise can be attributed to its strong financial performance and positive market sentiment, despite some signs of reduced trading activity.