Why is Le Travenues falling/rising?

As of 16-Oct, Le Travenues Technology Ltd's stock price is rising, currently at Rs. 335.00, reflecting an increase of Rs. 7.55 or 2.31%. The stock has recently hit a new 52-week and all-time high of Rs. 339.05, and it has outperformed its sector by 1.19%. Over the past two days, the stock has gained 7.93%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown impressive growth, with net sales increasing at an annual rate of 53.20% and operating profit at 58.38%. Additionally, high institutional holdings at 70.84% indicate strong investor confidence, further contributing to the stock's upward momentum.
In the broader market context, Le Travenues has significantly outperformed the benchmark, with a 1-week return of 7.10% compared to the Sensex's 1.58% and a year-to-date return of 99.70% against the benchmark's 6.82%. Despite the BSE500 generating negative returns of -0.82% over the past year, Le Travenues has achieved a remarkable 104.64% return, showcasing its resilience and strong market position. This combination of robust financial performance, rising investor participation, and favorable comparisons to the broader market has driven the stock's recent rise.