Why is Ethos Ltd falling/rising?

As of 11-Jun, Ethos Ltd's stock price is currently at 3,040.00, reflecting an increase of 42.3 points or 1.41%. The stock has shown strong performance recently, gaining 6.95% over the last four days and outperforming its sector by 2.06% today. Despite touching an intraday low of Rs 2,924.35, the stock is trading above its moving averages across various time frames, indicating a positive trend. Additionally, the company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 0.55 times and impressive growth in net sales and operating profit, which have grown at annual rates of 29.43% and 53.34%, respectively. High institutional holdings at 30.4% further support the stock's stability, as these investors tend to have a better understanding of the company's fundamentals.
In the broader market context, Ethos Ltd has significantly outperformed the benchmark Sensex over various periods, including a 6.22% gain over the past week compared to the Sensex's 1.87% increase, and a remarkable 286.50% rise over the last three years against the benchmark's 51.95%. This strong relative performance highlights the stock's appeal to investors, particularly in light of its consistent returns over the past three years, where it has outperformed the BSE 500 in each of the last three annual periods. The rising investor participation, with a 52.27% increase in delivery volume, also indicates growing confidence in the stock, contributing to its upward price movement.