Why is Page Industries falling/rising?

As of 14-Jul, Page Industries Ltd's stock price is currently at Rs 48,725.00, reflecting an increase of Rs 1,055.00 or 2.21%. The stock has shown a positive trend today, having gained after four consecutive days of decline, and it outperformed its sector by 1.74%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Over the past year, Page Industries has generated a return of 24.46%, significantly outperforming the broader market, which only returned 0.26%. Factors contributing to this rise include high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, which suggest confidence in the company's fundamentals.
In the broader market context, Page Industries' short-term performance has been relatively stable compared to the benchmark, as it has declined by 0.48% over the past week, while the Sensex has fallen by 1.42%. This indicates that the stock is holding up better than the overall market. Despite a recent drop in investor participation, with delivery volume decreasing by 63.31%, the stock's liquidity remains adequate for trading. The company's significant market capitalization and its dominance in the sector further bolster investor confidence, suggesting that the recent price increase may be supported by strong fundamentals and market positioning.