Why is NESCO falling/rising?

As of 22-Aug, NESCO Ltd's stock price is rising, currently at 1,445.45, reflecting an increase of 9.85 or 0.69%. The stock has shown strong performance today, outperforming its sector by 0.87% and opening with a gain of 2.74%. It reached a new 52-week and all-time high of Rs 1,474.95 during the trading session. Over the past week, NESCO has gained 6.33%, and it has delivered impressive returns of 49.76% over the last year, consistently outperforming the broader BSE500 index. The company maintains a low debt-to-equity ratio and has demonstrated consistent returns over the past three years, which positively influences investor sentiment.
In the broader market context, NESCO's short-term performance significantly outpaces the benchmark, with a 1-week return of 6.33% compared to the Sensex's 0.88%. This strong relative performance indicates that investor interest in NESCO is robust, despite a noted decline in delivery volume, which fell by 65.47% against the 5-day average. The stock's liquidity remains adequate for trading, further supporting its price stability. Overall, the combination of strong historical performance, low debt levels, and recent price movements contributes to the stock's upward trajectory.