Why is Ethos Ltd falling/rising?

As of 21-Jul, Ethos Ltd's stock price is rising, currently at 2,860.00, reflecting an increase of 46.1 (1.64%). The stock has shown strong performance today, outperforming its sector by 1.62% and reaching an intraday high of Rs 2885, which is a 2.53% increase. Over the past week, Ethos Ltd has gained 6.03%, and it has consistently outperformed the BSE500 over the last three years, generating a remarkable 229.75% return. The company also demonstrates a strong ability to service its debt, with a low Debt to EBITDA ratio of 0.55 times, and has seen healthy long-term growth with net sales increasing at an annual rate of 29.43%. Additionally, institutional holdings have risen by 1.22% over the previous quarter, indicating confidence from larger investors.
In the broader market context, Ethos Ltd's short-term return of 6.03% over the past week contrasts sharply with the Sensex, which has seen a slight decline of 0.06%. This divergence suggests that while the overall market may be facing challenges, Ethos Ltd is benefiting from strong fundamentals and investor confidence. However, it is worth noting that there has been a significant drop in investor participation, with delivery volume falling by 49.26% against the 5-day average, which could indicate potential concerns about liquidity despite the stock's current upward momentum.