Why is Sanathan Textile falling/rising?

As of 02-Jul, Sanathan Textiles Ltd is experiencing a price increase, currently at Rs 482.20, which reflects a rise of Rs 2.2 or 0.46%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 7.16% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock is close to its 52-week high, being just 3.28% away from Rs 498. The recent increase in delivery volume, which surged by 1024.75% compared to the 5-day average, suggests rising investor interest, particularly from institutional investors who have increased their stake by 4.05% over the previous quarter.
In the broader market context, Sanathan Textiles has outperformed the benchmark Sensex over the past week and month, with returns of 6.35% and 6.80%, respectively, compared to the Sensex's 0.79% and 2.50%. This strong performance relative to the benchmark indicates positive sentiment surrounding the stock. The company's low debt-to-equity ratio and attractive valuation, alongside a return on equity of 12.7%, further bolster investor confidence. While the stock has generated a flat return over the past year, its profits have increased by 23%, which may be contributing to the positive outlook among investors.