Why is Netweb Technol. falling/rising?

As of 03-Sep, Netweb Technologies India Ltd is experiencing a significant rise in its stock price, currently at 2,528.75, reflecting an increase of 261.4 or 11.53%. The stock has shown strong performance today, outperforming its sector by 12.08% and achieving a consecutive gain over the last three days with a total return of 14.56%. It opened with a gain of 2.99% and reached an intraday high of Rs 2564.75. The stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite this, there has been a decline in delivery volume, which fell by 15.46% against the 5-day average, suggesting a potential concern regarding investor participation. The company has demonstrated strong long-term fundamentals, with a healthy average return on equity of 21.48% and consistent positive results over the last eight quarters, contributing to the stock's upward movement.
In the broader market context, Netweb Technologies has outperformed the benchmark Sensex over the past week and month, with returns of +10.31% and +18.51%, respectively, while the Sensex has seen slight declines of -0.27% and -0.04%. However, the stock has underperformed on a year-to-date basis with a return of -7.27% compared to the Sensex's +3.11%. The recent rise in stock price may be attributed to strong sales growth and improved profitability, despite the stock being considered expensive with a high price-to-book value ratio. Additionally, the decrease in institutional investor participation, which has fallen by 2.23% in the previous quarter, may indicate a cautious sentiment among larger investors, potentially impacting future price movements.