Why is Ethos Ltd falling/rising?

As of 22-Jul, Ethos Ltd's stock price is currently at 2,928.55, reflecting an increase of 68.55, or 2.4%. The stock has shown strong performance today, outperforming its sector by 3.93% and has been on a consecutive gain for the last two days, rising 4.07% during this period. Additionally, it reached an intraday high of Rs 2,950, which is a 3.15% increase. Ethos Ltd has demonstrated robust returns over various periods, including a 6.65% increase over the past week and an 8.20% increase over the past month. The company benefits from a low Debt to EBITDA ratio of 0.55 times, indicating a strong ability to service debt, and has seen significant growth in net sales and operating profit. Furthermore, high institutional holdings at 30.4% suggest confidence from knowledgeable investors, as their stake has increased by 1.22% over the previous quarter.
In the broader market context, Ethos Ltd's short-term performance contrasts positively with the benchmark, as it has gained 6.65% over the past week while the Sensex has decreased by 0.47%. This indicates that Ethos Ltd is not only performing well in isolation but is also gaining traction relative to the overall market. The stock's consistent returns over the last three years, including a 9.74% return in the last year, further emphasize its strong position compared to the BSE500 index. The rising investor participation, evidenced by a 116.05% increase in delivery volume, also reflects growing confidence in the stock, contributing to its upward price movement.