Why is Osiajee Texfab falling/rising?

As of 16-Jul, Osiajee Texfab Ltd's stock price is currently at 291.75, reflecting an increase of 0.75 or 0.26%. The stock has recently hit a new 52-week and all-time high of Rs. 297, indicating strong upward momentum. Over the past week, the stock has gained 4.20%, and in the last month, it has surged by 20.06%. The stock has been on a consecutive gain streak for the last three days, with a total return of 5.32% during this period. Additionally, the company has demonstrated high management efficiency with a return on equity (ROE) of 31.13% and a low debt-to-equity ratio, which contributes positively to investor sentiment. The recent performance is bolstered by significant growth in net sales and operating profit, alongside very positive quarterly results, which have further attracted investor interest.
In the broader market context, while the Sensex has declined by 1.08% over the past week, Osiajee Texfab's strong performance stands out, showcasing its resilience and ability to outperform the benchmark. The stock's liquidity is also favorable, with a notable increase in delivery volume, indicating rising investor participation. Despite the stock being considered expensive based on its valuation metrics, it continues to attract investors due to its impressive long-term returns, having generated 689.79% over the past year, significantly outpacing the broader market's 5.75% return year-to-date. This combination of strong fundamentals and positive market sentiment is driving the stock's recent upward movement.