Why is Sanghvi Movers falling/rising?

As of 23-Sep, Sanghvi Movers Ltd is experiencing a price increase, currently at Rs 394.60, reflecting a rise of Rs 13.3 or 3.49%. The stock has shown strong performance today, outperforming its sector by 4% and achieving consecutive gains over the last two days, with a total return of 4.54% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past month, Sanghvi Movers has delivered a return of 16.66%, significantly outperforming the Sensex, which only increased by 0.98%. The company also demonstrates a strong ability to service its debt, supported by a low Debt to EBITDA ratio of 0.84 times and healthy long-term growth with an annual operating profit growth rate of 85.19%.
In the broader market context, Sanghvi Movers' short-term return of 2.07% over the past week stands in contrast to the Sensex, which has declined by 0.34% during the same period. This indicates that the stock is gaining traction despite a generally unfavorable market environment. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 62.99% against the 5-day average, which may raise concerns about the sustainability of the stock's upward movement. Overall, while the stock is currently rising, the drop in trading volume could signal potential volatility ahead.