Why is Sanathan Textile falling/rising?

As of 01-September, Sanathan Textiles Ltd is experiencing a price increase, currently at Rs 516.60, reflecting a rise of Rs 15.7 or 3.13%. The stock has shown a positive trend today, having gained after four consecutive days of decline, and opened with a significant gap up of 4.62%. It reached an intraday high of Rs 524.8, demonstrating strong momentum. Additionally, the stock has outperformed its sector by 2.09% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week and month has also been favorable, with returns of +1.20% and +2.53%, respectively, while the year-to-date return stands at an impressive +41.03%. The increase in investor participation, highlighted by a 1736.15% rise in delivery volume, further supports the stock's upward movement. The company's low debt-to-equity ratio and attractive valuation, alongside a 23% rise in profits over the past year, contribute positively to investor sentiment.
In the broader market context, Sanathan Textiles has outperformed the benchmark Sensex, which has seen a decline of 1.56% over the past week and a slight decrease of 0.29% over the past month. While the Sensex has only gained 2.85% year-to-date, Sanathan Textiles' substantial return of 41.03% highlights its strong performance relative to the market. The increase in institutional investor participation, with a 0.52% rise in their stake, indicates growing confidence in the company's fundamentals, which may further bolster the stock's performance in the near term.