Why is Enviro Infra falling/rising?

As of 01-Jul, Enviro Infra Engineers Ltd is experiencing a price increase, currently at Rs 243.00, reflecting a rise of Rs 6.5 or 2.75%. The stock has outperformed its sector by 3.7% today, reaching an intraday high of Rs 245.35. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 75.84% compared to the 5-day average. Despite this, the company has demonstrated strong fundamentals, including a high return on equity (ROE) of 27.92%, low debt-to-equity ratio, and impressive growth in net sales and operating profit, which have contributed to its positive price movement.
In the broader market context, Enviro Infra's short-term return of +2.62% over the past week slightly outpaces the Sensex, which has risen by 2.00%. However, the stock's year-to-date performance shows a decline of 22.05%, contrasting sharply with the Sensex's gain of 7.11%. The recent positive results and high management efficiency may have bolstered investor sentiment, but the decrease in institutional investor participation, which has fallen by 2.29%, raises concerns about the stock's valuation and long-term sustainability. Overall, while the stock is currently rising, the mixed signals from investor participation and valuation metrics suggest caution moving forward.