Why is Sanathan Textile falling/rising?

As of 17-Sep, Sanathan Textiles Ltd is experiencing a price increase, currently at Rs 532.00, reflecting a rise of 12.4 points or 2.39%. The stock opened with a gain of 2.47% today and reached an intraday high of Rs 542, indicating strong positive momentum. Over the past week, the stock has outperformed the sector by 1.38% and has shown impressive returns of 4.57% over the last week and 8.73% over the past month. Additionally, the stock is trading above all key moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 2468.83% compared to the 5-day average. The company maintains a low debt-to-equity ratio of 0.06 and an attractive valuation with a return on equity of 9.5, which supports its recent price movement.
In the broader market context, Sanathan Textiles has outperformed the Sensex, which has only gained 1.56% over the past week and 2.60% over the past month. The stock's year-to-date return of 45.24% significantly surpasses the Sensex's 5.83% increase, indicating strong investor confidence and interest in the company compared to the overall market. The increase in institutional investor participation, with a 0.52% rise in their stake, further suggests that more sophisticated investors are recognizing the company's potential, contributing to the stock's upward trajectory.