Why is Le Travenues falling/rising?

As of 05-Sep, Le Travenues Technology Ltd's stock price is currently at Rs 292.70, reflecting an increase of Rs 6.7 or 2.34%. The stock has shown strong performance recently, with a 5.36% rise over the last three days and a notable 21.55% increase over the past month. It is currently trading close to its 52-week high, just 2.58% away from Rs 300.25. The company has demonstrated robust financial health, with a low debt-to-equity ratio and significant growth in net sales and operating profit. Additionally, high institutional holdings at 70.84% indicate strong 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 only gained 1.13% over the past week and has remained flat over the last month. The stock's year-to-date return of 74.49% starkly contrasts with the Sensex's 3.29% increase, highlighting its market-beating performance. Despite a slight decline in investor participation, the stock's liquidity remains adequate for trading, suggesting that the recent price movements are supported by solid fundamentals and investor confidence rather than speculative trading.