Why is Endurance Tech falling/rising?

As of 05-Sep, Endurance Technologies Ltd. is experiencing a price increase, currently at 2,950.00, which reflects a rise of 18.2 points or 0.62%. The stock has shown strong performance recently, gaining 1.79% over the last two days and is only 2.71% away from its 52-week high of Rs 3029.85. It is trading above all key moving averages, indicating positive momentum. Additionally, the stock has outperformed the Sensex with a 1-week return of 2.86% compared to the benchmark's 1.13% and has delivered a remarkable 36.92% return year-to-date, showcasing its robust growth trajectory. However, there has been a decline in investor participation, with delivery volume dropping by 10.89% against the 5-day average.
In the broader market context, Endurance Technologies has consistently outperformed the BSE500 over various time frames, including 1 year and 3 years, indicating strong market confidence. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with net sales and operating profit increasing significantly. High institutional holdings at 23.08% suggest that knowledgeable investors are backing the stock, further supporting its upward movement. Despite trading at a premium compared to peers, the stock's fair valuation and solid returns, including a 17.57% increase over the past year, contribute to its positive outlook in the market.