Why is Le Travenues falling/rising?

As of 14-Aug, Le Travenues Technology Ltd is experiencing a price increase, currently at Rs 268.60, reflecting a rise of Rs 10.6 or 4.11%. The stock has recently hit a new 52-week and all-time high of Rs 271.2, and it has outperformed its sector by 3.35%. Over the past four days, the stock has gained 14.27%, and it is trading above all key moving averages, indicating strong momentum. The company has demonstrated robust financial health, with a low debt-to-equity ratio and impressive growth in net sales and operating profit. Additionally, high institutional holdings at 70.84% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Le Travenues has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.03% over the past week, while the stock itself has risen by 11.18%. This trend is consistent over the past month, where the stock has gained 52.18% compared to the Sensex's drop of 2.01%. Despite the positive performance, there are concerns regarding falling investor participation, as delivery volume has decreased significantly. However, the overall market-beating performance and strong fundamentals contribute to the stock's rising trajectory.