Why is Page Industries falling/rising?

As of 25-Jun, Page Industries Ltd is experiencing a price increase, currently priced at Rs 48,700.00, reflecting a rise of Rs 2,350.00 or 5.07%. The stock has shown strong performance today, outperforming its sector by 2.46% and has been on a consecutive gain streak for the last three days, accumulating an 8.83% return during this period. It is also close to its 52-week high, just 2.53% away from Rs 49,933.15. The stock is trading above its moving averages across multiple time frames, indicating positive momentum. Additionally, the company boasts high management efficiency with a return on capital employed (ROCE) of 67.34%, a low debt-to-equity ratio of 0.06, and significant institutional holdings at 52.2%, which suggests strong investor confidence and capability in analyzing the company's fundamentals.
In the broader market context, Page Industries has outperformed the benchmark Sensex over the past week, with a return of 7.97% compared to the Sensex's 1.61%. While the stock has generated a notable return of 20.45% over the past year, significantly higher than the market's 3.43%, it has underperformed over the longer term, with a 3-year return of 21.62% compared to the Sensex's 56.95%. The lifestyle sector, in which Page Industries operates, has also seen gains of 2.63%, contributing to the positive sentiment surrounding the stock. Overall, the combination of strong recent performance, solid fundamentals, and favorable sector dynamics has driven the stock's upward movement.