Why is Olectra Greentec falling/rising?

As of 21-Aug, Olectra Greentech Ltd's stock price is currently at 1,529.30, reflecting a slight increase of 1.05 (0.07%). The stock has been on an upward trend, gaining for the last three days with a total return of 4.99% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 58.32% and operating profit at 63.90%. The low debt-to-equity ratio of 0.02 times further supports its stability, contributing positively to investor sentiment.
In the broader market context, Olectra Greentech's performance over the past week shows a return of 4.07%, significantly outperforming the Sensex, which only increased by 1.74%. This trend of outperformance is also evident over the past month, where Olectra Greentech gained 20.75% while the Sensex declined by 0.24%. The rising investor participation, evidenced by a 15.32% increase in delivery volume, suggests growing interest in the stock, despite it underperforming its sector by 0.61% today. Overall, the stock's recent performance is bolstered by strong fundamentals and positive market sentiment, contributing to its rising price.