Why is NESCO falling/rising?

As of 01-Jul, NESCO Ltd's stock price is rising, currently at 1,197.20, reflecting an increase of 36.3 points or 3.13%. The stock has recently hit a new 52-week and all-time high of Rs. 1219, demonstrating strong performance with a 7.51% return over the last two days. NESCO has outperformed its sector by 2.89% today and is trading above all key moving averages, indicating a bullish trend. Additionally, the stock has shown impressive returns over various periods, including a 29.49% increase over the past month and a 26.03% rise over the past year. The company's low debt-to-equity ratio and majority ownership by promoters further bolster investor confidence, contributing positively to its recent upward movement.
In the broader market context, NESCO's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.00% over the past week. This stark contrast highlights the stock's strong market position and investor interest, as evidenced by a 52.48% rise in delivery volume compared to the previous five-day average. Overall, NESCO's consistent outperformance against both the sector and broader market indices, coupled with rising investor participation and liquidity, underscores the reasons behind its rising stock price.