Why is RattanIndia Pow. falling/rising?

As of 11-Jun, RattanIndia Power Ltd is experiencing a price increase, currently at 15.25, reflecting a rise of 0.93 or 6.49%. The stock has shown impressive performance, gaining 37.02% over the past week and 54.51% over the past month, significantly outperforming the Sensex, which has only increased by 1.87% and 3.85% in the same periods, respectively. The stock has been on a consecutive gain streak for the last four days, and it is trading above its moving averages across various time frames. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 644.16% against the 5-day average. The company has reported very positive financial results, including a remarkable growth in net profit of 2808.55% and consistent positive results over the last five quarters, contributing to the stock's upward momentum.
In the broader market context, RattanIndia Power Ltd's strong short-term returns stand in stark contrast to the benchmark's modest gains, indicating robust investor confidence in the company. While the stock has faced a decline of 6.38% over the past year, its profits have surged by 112.8%, suggesting that the current valuation may be attractive compared to its peers. The company's strong operating profit to interest ratio and high net sales further bolster its positive outlook. Overall, the combination of strong financial performance, increasing investor interest, and favorable comparisons to the benchmark has contributed to the stock's rising price.