Why is L G Balakrishnan falling/rising?

As of 03-September, L G Balakrishnan & Bros Ltd is experiencing a price increase, currently at 1,355.00, reflecting a rise of 55.0 or 4.23%. The stock has shown strong performance recently, outperforming its sector by 3.93% today and achieving consecutive gains over the last four days, with a total return of 6.8% during this period. It reached an intraday high of Rs 1366.2, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 42.04% compared to the 5-day average. The stock's performance over the past week and month has also been positive, with returns of +4.27% and +8.14%, respectively, while the year-to-date return stands at +7.66%.
In the broader market context, L G Balakrishnan's recent performance contrasts sharply with the Sensex, which has seen a decline of 0.27% over the past week and a minimal change of -0.04% over the past month. This indicates that the stock is gaining traction despite a generally weak market backdrop. The company's strong fundamentals, including a high return on equity (ROE) of 16.61% and a low debt-to-equity ratio, contribute positively to its valuation, making it attractive compared to peers. Furthermore, the operating profit growth rate of 32.52% suggests healthy long-term prospects, which may be driving investor confidence and supporting the stock's upward movement.