Why is Sanathan Textile falling/rising?

As of 22-Sep, Sanathan Textiles Ltd is experiencing a price increase, with its current price at Rs 515.90, reflecting a change of 4.6 (0.9%) upwards. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline. It reached an intraday high of Rs 523.4, marking a 2.37% increase. The stock has outperformed its sector by 1.61% today, and there has been a significant rise in investor participation, with delivery volume increasing by 1861.51% compared to the 5-day average. Over the past month, the stock has shown a modest return of 0.64%, while year-to-date, it has delivered an impressive return of 40.84%. 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, the stock's short-term performance over the past week has been negative at -2.66%, contrasting with the Sensex, which has gained 0.46%. However, the stock's year-to-date performance significantly outpaces the benchmark's 5.15% increase. The recent increase in institutional investor participation, with a 0.52% rise in their stake, suggests growing confidence in the company's fundamentals, which may positively influence future price movements. Overall, while the stock has faced short-term challenges, its strong year-to-date performance and improving investor sentiment contribute to its current upward price trajectory.