Why is Netweb Technol. falling/rising?

As of 22-Aug, Netweb Technologies India Ltd is experiencing a significant rise in its stock price, currently at Rs 2,321.60, reflecting an increase of Rs 253.6 or 12.26%. The stock has shown strong performance today, outperforming its sector by 13.27% and achieving a consecutive gain over the last two days with a total return of 13.38%. It reached an intraday high of Rs 2,361.2, indicating robust trading activity. Over the past week, the stock has increased by 9.00%, and over the past month, it has surged by 21.81%, contrasting sharply with the Sensex, which has declined by 1.07% during the same period. The company has demonstrated strong long-term fundamentals, with an average Return on Equity (ROE) of 21.48%, and has reported positive results for the last eight consecutive quarters, contributing to investor confidence.
In the broader market context, while the Sensex has shown a modest increase of 0.88% over the past week, Netweb Technologies has significantly outperformed this benchmark, highlighting its strong short-term momentum. Despite a year-to-date decline of 14.87% compared to the Sensex's gain of 4.05%, the recent positive sales and profit figures, alongside a low debt-to-equity ratio, have likely bolstered investor sentiment. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 36.72% against the five-day average, which could indicate caution among some investors despite the stock's recent gains.