Why is Enviro Infra falling/rising?

As of 22-Aug, Enviro Infra Engineers Ltd is experiencing a rise in its stock price, currently at Rs 268.10, with an increase of Rs 8.25 or 3.17%. The stock has shown strong performance today, outperforming its sector by 3.25% and achieving a consecutive gain over the last two days, with a total return of 4.81% during this period. It reached an intraday high of Rs 274, reflecting a 5.45% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company has also seen rising investor participation, with delivery volume increasing by 7.47% compared to the 5-day average. The company's strong fundamentals, including a high return on equity of 27.92%, low debt-to-equity ratio of 0.05, and healthy growth in net sales and operating profit, have contributed to this upward movement.
In the broader market context, Enviro Infra's short-term return of +6.86% over the past week significantly outpaces the Sensex, which has only increased by 0.88% during the same period. However, the stock has faced challenges in the longer term, with a year-to-date decline of 14.00%, while the Sensex has gained 4.05%. Despite these longer-term struggles, the recent positive results over the last three quarters, including a 25.38% growth in net sales and a 34.48% increase in profit after tax, have bolstered investor confidence and contributed to the current rise in stock price.