Why is Enviro Infra falling/rising?

As of 16-Sep, Enviro Infra Engineers Ltd is experiencing a price increase, currently at Rs 263.20, reflecting a rise of Rs 6.1 or 2.37%. The stock has shown strong performance recently, outperforming its sector by 2.2% today and achieving a consecutive gain over the last three days with a total return of 6.77%. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported healthy growth in net sales and profit after tax over the last six months, contributing to investor confidence and a high return on equity of 27.92%. Furthermore, the low debt-to-equity ratio and positive results for the last three consecutive quarters support the stock's upward movement.
In the broader market context, the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of 10.19% compared to the Sensex's 1.58%. However, it is important to note that the year-to-date performance shows a decline of 15.57% for Enviro Infra, while the Sensex has gained 5.43%. This contrast highlights the stock's recent recovery amidst a longer-term struggle. The increase in delivery volume by 24.57% against the 5-day average also suggests rising investor participation, further supporting the stock's upward trajectory in the current market environment.