Why is Enviro Infra falling/rising?

As of 19-Sep, Enviro Infra Engineers Ltd is experiencing a price increase, currently at Rs 264.75, reflecting a rise of 4.45 or 1.71%. Today's performance indicates that the stock has outperformed its sector by 1.77% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 266.6, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decrease in investor participation, with delivery volume falling by 18.34% compared to the 5-day average, the company has demonstrated strong fundamentals, including a high return on equity of 27.92%, a low debt-to-equity ratio of 0.05, and significant growth in net sales and operating profit over the past six months.
In the broader market context, the stock has shown a short-term return of 4.31% over the past week, significantly outperforming the Sensex, which has only increased by 0.88%. While the year-to-date performance shows a decline of 15.08% for Enviro Infra compared to a 5.74% increase in the Sensex, the recent positive results over the last three quarters and healthy growth rates in sales and profit may be contributing to the current upward movement in the stock price. Overall, the combination of strong company performance metrics and recent price action suggests a positive sentiment among investors, despite the challenges faced earlier in the year.