Why is Raghav Product. falling/rising?

As of 22-Sep, Raghav Productivity Enhancers Ltd is experiencing a price increase, currently at Rs 683.95, reflecting a rise of 4.1 (0.6%). The stock has shown a trend reversal, gaining after two consecutive days of decline, and it reached an intraday high of Rs 700, marking a 2.96% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company has demonstrated strong financial performance, with a 40.89% growth in net profit and positive results for the last five consecutive quarters, contributing to investor confidence and recent price movement.
In the broader market context, Raghav Productivity Enhancers Ltd has outperformed the sector by 0.74% today, although its one-week return of +0.10% is slightly below the Sensex's +0.46%. Over the past month, the stock has gained +13.42%, significantly outpacing the Sensex's +1.05%. The company’s consistent returns over the last three years, including a 21.94% return in the past year, further bolster its attractiveness to investors, especially given its low debt-to-equity ratio and high return on capital employed (ROCE) of 24.19%.