Why is Orbit Exports falling/rising?

As of 25-Jul, Orbit Exports Ltd is experiencing a price increase, currently at Rs 242.00, reflecting a rise of 11.5 points or 4.99%. The stock has shown strong performance today, outperforming its sector by 7.86% and has been on a consecutive gain streak for the last two days, accumulating a total return of 10% during this period. It opened with a gain of 4.99% and reached an intraday high of Rs 242. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has demonstrated impressive returns over various periods, including a 36.34% increase over the past month and a remarkable 120.30% over the last three years. The company's healthy financials, including a low debt-to-equity ratio and significant growth in operating profit, further support its upward movement.
In the broader market context, while the Sensex has seen a slight decline of 0.36% over the past week, Orbit Exports has significantly outperformed this benchmark, showcasing a 12.56% increase in the same timeframe. This divergence highlights the stock's strength relative to the overall market. The textile sector has faced a downturn of 2.97%, yet Orbit Exports continues to thrive, driven by rising investor participation and strong quarterly results, including a 53.9% growth in profit after tax. The stock's ability to generate returns that exceed those of the BSE500 over multiple timeframes reinforces its position as a strong performer in both the near and long term.