Why is Sanathan Textile falling/rising?

As of 18-Aug, Sanathan Textiles Ltd is experiencing a price increase, currently at 507.15, reflecting a rise of 21.1 or 4.34%. The stock has shown strong performance today, outperforming its sector by 1.97% and achieving consecutive gains over the last three days, with a total return of 11.33% during this period. It opened with a significant gain of 8.87% today and reached an intraday high of Rs 529.15. Additionally, the stock has outperformed the Sensex over the past week, with a return of +9.63% compared to the benchmark's +0.83%. The company maintains a low Debt to Equity ratio of 0.06 times and an attractive valuation with a 2.3 Price to Book Value, alongside a return on equity of 9.5. The increasing participation of institutional investors, who have raised their stake by 0.52% in the last quarter, further supports the stock's upward momentum.
In the broader market context, while the stock has shown a strong short-term return, it has underperformed over the past month with a decline of 8.24%, contrasting with the Sensex's slight drop of 0.59%. However, the year-to-date performance is robust, with a return of +38.45% compared to the Sensex's +4.01%. The textile sector itself has gained by 2.43%, contributing positively to the stock's performance. The significant increase in delivery volume, which rose by 966.18% against the 5-day average, indicates rising investor interest and liquidity, suggesting a favorable environment for continued growth.