Why is Eureka Forbes falling/rising?

As of 28-Jul, Eureka Forbes Ltd's stock price is currently at 560.20, reflecting an increase of 2.65, or 0.48%. Today's price summary indicates that the stock has outperformed its sector by 1.47%. Additionally, the stock is trading higher than its 100-day moving average, although it remains lower than its 5-day, 20-day, 50-day, and 200-day moving averages. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 80.43% against the 5-day average. Despite a year-to-date decline of 3.12%, the stock has shown resilience with a 14.06% return over the past year, while profits have risen by 48.1%. The company has maintained a low debt-to-equity ratio and has reported positive results for the last 12 consecutive quarters, contributing to a fair valuation compared to its peers.
In the broader market context, the stock's performance over the past week shows a slight decline of 0.38%, while the benchmark Sensex has fallen by 1.59%. This indicates that Eureka Forbes has been relatively stable compared to the overall market. Despite the negative returns of -2.52% in the last year for the BSE500, Eureka Forbes has managed to generate positive returns, highlighting its market-beating performance. The company's strong fundamentals, including a healthy growth rate in net sales and operating profit, further support its stock price movement, suggesting that the recent rise may be attributed to investor confidence in its long-term growth potential.