Why is Enviro Infra falling/rising?

As of 13-Aug, Enviro Infra Engineers Ltd is experiencing a price increase, currently at Rs 252.60, reflecting a rise of Rs 10.2 or 4.21%. Today's performance shows that the stock has outperformed its sector by 3.57% and has reversed a trend of three consecutive days of decline. The stock reached an intraday high of Rs 254.95, indicating positive momentum. Despite a year-to-date decline of 18.97%, the company has demonstrated strong fundamentals, including a high return on equity of 27.92%, low debt-to-equity ratio of 0.05, and significant growth in net sales and operating profit over the past six months. These factors contribute to a more favorable outlook for the stock, encouraging investor interest.
In the broader market context, the stock's short-term return of +2.62% over the past week contrasts with the Sensex, which has remained flat at -0.01%. This relative outperformance suggests that investor sentiment towards Enviro Infra is improving, particularly given the rising delivery volume, which has increased by 7.17% against the five-day average. The liquidity of the stock also supports trading activity, with a sufficient volume for transactions. Overall, while the stock has faced challenges in the longer term, recent positive developments and market performance indicate a potential turnaround.