Why is Sanghvi Movers falling/rising?

As of 27-Oct, Sanghvi Movers Ltd is experiencing a price increase, currently at Rs 378.30, which reflects a rise of Rs 9.6 or 2.6%. The stock has shown strong performance today, outperforming its sector by 2.03% and achieving a consecutive gain over the last two days with a total return of 4.19%. Additionally, the stock has performed well over the past week with a return of 3.89%, although it has underperformed the benchmark Sensex over the past month, with a return of 3.28% compared to the Sensex's 5.41%. The company benefits from a low Debt to EBITDA ratio of 0.84 times, indicating a strong ability to service its debt, which supports its positive outlook despite a stagnant operating profit growth rate.
In the broader market context, while Sanghvi Movers has shown impressive long-term growth with a 236.12% return over three years and an 857.72% return over five years, its recent performance in the short term has been mixed compared to the Sensex. The Sensex has gained 8.50% year-to-date, while Sanghvi Movers has outperformed with a 23.35% increase. The rising investor participation, evidenced by a significant increase in delivery volume, suggests growing confidence in the stock, contributing to its upward price movement. However, the stock's performance over the past year has been negative at -3.64%, indicating some volatility that investors should consider.