Why is Sanathan Textile falling/rising?

As of 09-Jul, Sanathan Textiles Ltd is experiencing a price increase, currently at Rs. 524.00, which reflects a rise of 5.45 or 1.05%. The stock has recently hit a new 52-week and all-time high of Rs. 539, demonstrating strong performance with a 3.94% intraday high. Over the past week, the stock has gained 8.67%, and in the last month, it has risen by 14.91%. Additionally, the stock has been gaining for three consecutive days, with a total return of 6.74% during this period. The company has a low debt-to-equity ratio and an attractive return on equity (ROE) of 12.7%, which, combined with a 4.05% increase in institutional investor stakes, suggests positive sentiment among investors.
In the broader market context, Sanathan Textiles has significantly outperformed the Sensex, which has only increased by 0.15% over the past week, while the stock's performance today outpaced its sector by 1.06%. The year-to-date return for Sanathan Textiles stands at an impressive 43.05%, compared to the Sensex's 6.91%, indicating strong relative strength. The rising investor participation, evidenced by a substantial increase in delivery volume, further supports the stock's upward trajectory, suggesting that market confidence in the company is robust despite the overall market conditions.