Why is Nath Industries falling/rising?

As of 24-Sep, Nath Industries Ltd is experiencing a price increase, currently at Rs 79.95, which reflects a rise of Rs 2.73 or 3.54%. Today, the stock has outperformed its sector by 3.73% and has shown a trend reversal after four consecutive days of decline, opening with a gain of 3.6%. The stock reached an intraday high of Rs 80, and while it is trading higher than its 5-day, 20-day, and 200-day moving averages, it remains below the 50-day and 100-day moving averages. The company has reported positive results over the last three quarters, with net sales and profit after tax significantly higher, contributing to a strong valuation compared to its peers. Despite a recent drop in investor participation, the stock's performance over the past year has been robust, generating a return of 9.61% while profits have surged by 1246%.
In the broader market context, the stock has shown resilience as the benchmark Sensex has declined by 1.18% over the past week and generated negative returns of -3.77% over the last year. Nath Industries' year-to-date return of 15.62% significantly outpaces the benchmark's 4.58%, indicating that the stock is maintaining a strong performance relative to the market. This outperformance, combined with the company's attractive valuation metrics and consistent profit growth, suggests that investor confidence in Nath Industries remains strong despite recent fluctuations in trading volume.