Why is Le Travenues falling/rising?

As of 06-Oct, Le Travenues Technology Ltd is experiencing a significant rise in its stock price, currently at Rs 311.80, reflecting an increase of Rs 25.65 or 8.96%. The stock has shown strong performance today, outperforming its sector by 10.71% and achieving a consecutive gain over the last three days, with a total return of 17.7% during this period. The stock reached an intraday high of Rs 329.75, indicating high volatility with an intraday fluctuation of 5.22%. Additionally, Le Travenues has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 58.29% compared to the 5-day average. The company has demonstrated strong fundamentals, with net sales growing at an annual rate of 53.20% and positive results for the last four consecutive quarters, contributing to the stock's upward momentum.
In the broader market context, Le Travenues has significantly outperformed the benchmark, with a year-to-date return of 85.87% compared to the Sensex's 4.67%. Over the past year, while the broader market (BSE500) has faced negative returns of -1.93%, Le Travenues has achieved an impressive 107.87% return, highlighting its market-beating performance. The company's low debt-to-equity ratio and high institutional holdings at 70.84% further bolster investor confidence, as institutional investors typically have better resources to analyze company fundamentals. This combination of strong financial performance, positive market sentiment, and rising investor interest has contributed to the stock's recent rise.