Why is Omax Autos falling/rising?

As of 28-Jul, Omax Autos Ltd is experiencing a significant rise in its stock price, currently at 130.32, reflecting an increase of 9.26 or 7.65%. The stock has shown strong performance today, outperforming its sector by 10.51% and has been on a consecutive gain streak for the last three days, accumulating a total return of 24.54% during this period. The stock opened with a gain of 3.25% today and reached an intraday high of Rs 138.92, indicating robust trading activity. Additionally, Omax Autos has demonstrated impressive returns over the past week and month, with increases of 18.32% and 48.01%, respectively, despite a year-to-date return of 9.42%. The company has declared positive results for the last 11 consecutive quarters, with a notable rise in profits and a low debt-equity ratio, contributing to its attractive valuation and supporting the recent upward movement in stock price.
In the broader market context, Omax Autos has significantly outperformed the Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. This stark contrast highlights the stock's strong momentum relative to the benchmark. The rising investor participation, evidenced by a dramatic increase in delivery volume, further underscores the stock's appeal among investors. Despite a one-year return of -14.21%, the company's profits have surged, indicating a potential turnaround that investors are capitalizing on. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions has contributed to the stock's rising trajectory.