Why is Innova Captab falling/rising?

As of 12-Jun, Innova Captab Ltd is experiencing a significant rise in its stock price, currently at 954.00, reflecting an increase of 75.0 or 8.53%. The stock has outperformed its sector today by 8.63%, marking two consecutive days of gains with a total return of 10% during this period. It has also shown strong performance over the past year, generating a return of 93.55%, which is substantially higher than the market's average return of 4.18%. Despite a recent decline in delivery volume, the stock is trading above its moving averages, indicating positive momentum. The company's strong fundamentals, including a low Debt to EBITDA ratio and healthy operating profit growth, support its upward movement.
In the broader market context, Innova Captab's short-term performance over the past week has been notably better than the benchmark Sensex, which has only increased by 0.31%, while the stock itself has risen by 7.15%. This outperformance highlights the stock's resilience and attractiveness to investors, particularly given its high institutional holdings of 20.11%. However, it is important to note that the company has faced some challenges, including flat results in its most recent quarterly earnings, which may temper investor enthusiasm moving forward. Overall, the combination of strong historical performance, solid financial metrics, and recent positive price action contributes to the stock's rising trajectory.