Why is Sai Silks falling/rising?

As of 22-Jul, Sai Silks (Kalamandir) Ltd is experiencing a price increase, currently at Rs 173.95, reflecting a rise of Rs 3.95 or 2.32%. The stock has shown strong performance recently, gaining 13.25% over the last four days and outperforming its sector by 2.11% today. It reached an intraday high of Rs 177, and it is trading above all key moving averages, indicating positive momentum. Additionally, the stock has demonstrated impressive returns over the past week and month, with increases of 12.99% and 26.19%, respectively. However, it is important to note that while the stock has generated a return of 5.04% over the past year, its profits have decreased by 15%, which could be a concern for investors.
In the broader market context, the Sensex has shown a slight decline of 0.47% over the past week and 0.27% over the past month, contrasting with the strong performance of Sai Silks. This divergence suggests that the stock is gaining traction independently of the overall market trends. The company's low debt-to-equity ratio and healthy long-term growth, with an operating profit growth rate of 48.25%, contribute positively to its valuation, making it attractive compared to peers. Despite the recent profit decline, the stock's favorable valuation metrics and rising investor participation indicate a strong interest that is driving the price upward.