Why is Page Industries falling/rising?

As of 15-Jul, Page Industries Ltd is experiencing a price increase, currently at Rs 49,020.00, reflecting a rise of Rs 295.0 or 0.61%. The stock has shown positive performance recently, gaining 2.83% over the last two days and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite underperforming its sector by 0.37% today, it is close to its 52-week high, being only 2.96% away from Rs 50,470.6. The stock has generated a return of 21.17% over the past year, significantly outperforming the broader market, which saw a return of just 2.36%. The company benefits from high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings at 52.2%, indicating strong investor confidence.
In the broader market context, Page Industries' short-term return of 0.35% over the past week contrasts with the Sensex, which has declined by 1.36% during the same period. This divergence highlights the stock's resilience amid a challenging market environment. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement. Overall, Page Industries' strong fundamentals and market-beating performance contribute to its rising stock price, even as the broader market faces headwinds.