Why is Sarda Energy falling/rising?

As of 13-Aug, Sarda Energy & Minerals Ltd is experiencing a price increase, currently at Rs 557.50, reflecting a rise of 8.6 points or 1.57%. The stock has shown a strong performance today, outperforming its sector by 1% and reaching an intraday high of Rs 576.15, which is a 4.96% increase. Over the past month, the stock has gained 23.15%, significantly outperforming the Sensex, which has declined by 2.38%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.64% and a low debt to EBITDA ratio of 1.06 times, indicating a robust ability to service its debt. Additionally, the company has reported impressive growth in net sales and operating profit, contributing to positive investor sentiment.
In the broader market context, while Sarda Energy has seen a decline of 3.73% over the past week, it has significantly outperformed the Sensex, which remained nearly flat at -0.01%. The stock's strong long-term performance is evident, with a remarkable 540.11% increase over the past three years, compared to a 35.45% rise in the benchmark. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 84.09% against the five-day average, which could indicate caution among investors despite the positive financial indicators. Overall, the stock's upward movement is supported by its strong fundamentals and consistent returns, even as some risks related to valuation and reduced trading volume persist.