Why is Osiajee Texfab falling/rising?

As of 17-Jul, Osiajee Texfab Ltd's stock price is rising, currently at Rs. 294.70, reflecting an increase of 2.95 (1.01%). The stock has recently hit a new 52-week and all-time high of Rs. 301, demonstrating strong performance with a 6.12% increase over the past week and an impressive 20.83% rise over the last month. The stock has been gaining for four consecutive days, with a total return of 6.5% during this period. Additionally, it is trading above all key moving averages, indicating a bullish trend. The company has shown remarkable financial health, with a high return on equity (ROE) of 31.13%, low debt-to-equity ratio, and significant growth in net sales and operating profit, which have contributed to its positive momentum.
In the broader market context, Osiajee Texfab's performance stands out as it has outperformed the Sensex, which has declined by 1.12% over the past week while the stock gained 6.12%. This strong relative performance highlights investor confidence in the company, particularly following its recent positive quarterly results and substantial long-term growth, evidenced by a staggering 697.78% return over the past year. Despite its high valuation metrics, the stock's ability to generate significant returns and its market-beating performance in both the short and long term suggest a robust demand among investors.