Why is Sanathan Textile falling/rising?

As of 15-Sep, Sanathan Textiles Ltd is experiencing a price increase, currently at 530.00, reflecting a rise of 9.5 or 1.83%. The stock has shown strong performance recently, with a consecutive gain over the last five days, resulting in a total return of 5.75% during this period. Although it opened down by 2.02% today, it reached an intraday high of Rs 533.7, indicating volatility within the trading day. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by over 6100% compared to the 5-day average. The company's low debt-to-equity ratio and attractive valuation, alongside a 23% increase in profits over the past year, contribute positively to its stock performance.
In the broader market context, Sanathan Textiles has outperformed the benchmark Sensex, which has only increased by 1.24% over the past week, while the stock itself has risen by 5.75%. This trend is further supported by the increasing participation of institutional investors, who have raised their stake in the company, indicating confidence in its fundamentals. The stock's year-to-date performance is also noteworthy, with a return of 44.69%, significantly higher than the Sensex's 4.67% during the same period. Overall, the combination of strong recent performance, positive investor sentiment, and favorable financial metrics positions Sanathan Textiles favorably in the market.