Why is NESCO falling/rising?

As of 15-Jul, NESCO Ltd's stock price is rising, currently at 1,293.45, reflecting an increase of 88.9 or 7.38%. The stock has recently hit a new 52-week and all-time high of Rs 1303.8, demonstrating strong performance with an intraday high of 8.24%. Over the past week, NESCO has outperformed the sector by 7.01% and has gained 8.72% in the last two days. Additionally, the stock has shown impressive returns over various periods, including a 37.06% increase in the last year and a staggering 200.31% rise over the past five years. The company maintains a low debt-to-equity ratio, which supports its stability and growth potential, while the majority ownership by promoters indicates confidence in the company's direction.
In the broader market context, NESCO's recent performance contrasts sharply with the Sensex, which has declined by 1.36% over the past week. This significant outperformance highlights NESCO's strength relative to the market. Furthermore, while the stock has been liquid enough for trading, there has been a notable decline in investor participation, with delivery volume dropping by 48.84% against the five-day average. Despite this decrease in participation, the overall market-beating performance in both the short and long term suggests that investor sentiment remains positive towards NESCO, contributing to its rising stock price.