Why is Remi Edelstahl falling/rising?

As of 21-Jul, Remi Edelstahl Tubulars Ltd is experiencing a price increase, currently at 98.50, reflecting a rise of 1.0 or 1.03%. The stock has shown positive momentum, gaining 2.07% over the last two days and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has outperformed the Sensex over the past week and month, with returns of 0.56% and 8.42%, respectively. The company has reported positive financial results over the last three consecutive quarters, with net sales growing by 21.77% and a significant increase in profits, contributing to a favorable perception among investors.
In the broader market context, while the Sensex has shown a slight decline of 0.06% over the past week and a marginal decrease of 0.25% over the past month, Remi Edelstahl's performance stands out positively. The stock's recent gains can be attributed to rising investor participation, as indicated by a 10% increase in delivery volume, and its fair valuation compared to peers, despite some concerns regarding long-term growth and debt servicing capabilities. Overall, the combination of strong recent performance, positive financial indicators, and favorable trading conditions has contributed to the stock's upward movement.