Why is Eureka Forbes falling/rising?

As of 29-Aug, Eureka Forbes Ltd's stock price is currently at 568.25, reflecting an increase of 7.4, or 1.32%. Today's price summary indicates that the stock has outperformed its sector by 1.23%. While the stock is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, it remains below the 50-day moving average. Notably, there has been a decline in investor participation, with delivery volume dropping by 35.68% compared to the 5-day average. Despite this, the company shows strong fundamentals, including a low debt-to-equity ratio and impressive growth in net sales and operating profit, which have risen at annual rates of 40.06% and 71.47%, respectively. The stock's performance over the past year has been robust, generating a return of 14.41% while profits increased by 45.2%, indicating a fair valuation compared to peers.
In the broader market context, the stock's short-term performance has been favorable, with a 1-week return of 3.23% compared to a decline of 1.84% in the Sensex. This suggests that Eureka Forbes is gaining traction even as the overall market faces challenges. The stock has also outperformed the BSE500 index, which has seen negative returns of -5.40% over the past year. With a market capitalization of Rs 10,847 crore, Eureka Forbes is a significant player in its sector, constituting 19.54% of the industry, which further supports its resilience amidst broader market fluctuations.