Why is Sanathan Textile falling/rising?

As of 03-Jul, Sanathan Textiles Ltd is experiencing a price increase, currently trading at Rs. 497.10, which reflects a rise of Rs. 14.9 or 3.09%. The stock has recently hit a new 52-week high of Rs. 504 and has shown strong performance, gaining 10.47% over the past week and outperforming its sector by 2.79%. Additionally, the stock has been on a consecutive gain streak for the last five days, supported by a significant increase in delivery volume, which rose by 668.15% compared to the five-day average. The company also maintains a low debt-to-equity ratio and an attractive valuation with a return on equity of 12.7%, which has likely contributed to positive investor sentiment and increased participation from institutional investors, who have raised their stake by 4.05% in the last quarter.
In the broader market context, while the Sensex has seen a slight decline of 0.62% over the past week, Sanathan Textiles has significantly outperformed this benchmark, indicating strong investor confidence in the company relative to the overall market. The stock's year-to-date return of 35.71% also contrasts favorably with the Sensex's 6.53% increase, further highlighting its robust performance. This divergence suggests that investors are favoring Sanathan Textiles amidst a generally challenging market environment, likely due to its solid fundamentals and recent positive developments.