Why is High Energy Bat. falling/rising?

As of 14-Jul, High Energy Batteries (India) Ltd is experiencing a slight increase in its stock price, currently at Rs 768.00, reflecting a change of 1.55 (0.2%) upwards. The stock has traded in a narrow range today, with a delivery volume that has decreased by 0.47% compared to the 5-day average, indicating a decline in investor participation. Despite this, the stock is performing well against its moving averages, being higher than the 20, 50, 100, and 200-day moving averages, although it is lower than the 5-day moving average. Over the past month, the stock has shown a strong return of +12.61%, significantly outperforming the Sensex, which has only increased by +1.40%. Additionally, the company has recently reported positive financial results after a series of negative quarters, which has likely contributed to the stock's upward movement.
In the broader market context, High Energy Batteries' recent performance contrasts with the Sensex's decline of -1.42% over the past week, highlighting the stock's resilience. The company's ability to service debt is strong, evidenced by a low Debt to EBITDA ratio of 0.57 times, which may instill confidence among investors. Furthermore, the increase in promoter stake by 1.17% signals a positive outlook from those closely associated with the company. This combination of improved financial performance and rising promoter confidence likely supports the stock's recent upward trend, despite the slight drop in trading volume.