Why is Olectra Greentec falling/rising?

As of 24-Jul, Olectra Greentech Ltd's stock price is rising, currently at 1,535.30, reflecting an increase of 207.75 or 15.65%. The stock has shown strong performance today, outperforming its sector by 13.01% and achieving a consecutive gain over the last three days with a total return of 21.23%. It reached an intraday high of Rs 1590, indicating significant investor interest. The stock has also been highly volatile, with an intraday volatility of 10.94%. Over the past week, Olectra Greentech has outperformed the Sensex, gaining 20.40% compared to the benchmark's slight decline of 0.09%. Additionally, the company has demonstrated robust financial health, with net sales growing at an annual rate of 55.14% and operating profit increasing by 81.89%, alongside positive results for the last three consecutive quarters.
In the broader market context, while the Sensex has shown minimal movement with a 0.16% gain over the past month, Olectra Greentech's stock has surged by 32.58% in the same period, highlighting its strong relative performance. The automobile sector, particularly trucks and light commercial vehicles, has also seen a gain of 2.93%, which may contribute to the positive sentiment surrounding Olectra Greentech. The significant rise in delivery volume by 166.26% against the five-day average indicates increasing investor participation, further supporting the stock's upward trajectory. Overall, the combination of strong financial results, positive sector performance, and heightened investor interest has contributed to the stock's rising price.