Why is Enviro Infra falling/rising?

As of 11-Jul, Enviro Infra Engineers Ltd is experiencing a significant rise in its stock price, currently at 275.10, reflecting an increase of 30.1 or 12.29%. The stock has shown strong performance today, outperforming its sector by 13.4% and achieving a consecutive gain over the last three days with a total return of 19.76%. It reached an intraday high of Rs 284, indicating robust trading activity, and has been trading above its moving averages across various timeframes. Furthermore, the company has demonstrated high management efficiency with a return on equity of 27.92%, low debt levels, and impressive growth in net sales and operating profit, which have contributed positively to investor sentiment.
In the broader market context, the stock's short-term performance has been notably strong, with a 1-week return of +18.48%, contrasting sharply with the Sensex, which has declined by 1.12% over the same period. This divergence highlights the stock's resilience and appeal amid a generally weak market. However, it is important to note that institutional investor participation has decreased, which could pose a risk to the stock's future performance. Despite this, the company's recent positive financial results and growth metrics have likely bolstered investor confidence, leading to the current upward price movement.