Why is Sarda Energy falling/rising?

As of 06-Oct, Sarda Energy & Minerals Ltd is experiencing a price increase, currently at 583.95, reflecting a rise of 6.95 or 1.2%. The stock has shown strong performance recently, outperforming its sector by 2.28% today and achieving a consecutive gain over the last three days with an overall return of 8.3% in that period. It is trading above all key moving averages, indicating positive momentum. Additionally, the company has demonstrated impressive financial health, with a high return on capital employed (ROCE) of 18.64%, a low debt to EBITDA ratio of 1.06 times, and significant growth in net sales and operating profit, which have contributed to its positive stock performance.
In the broader market context, Sarda Energy's one-week return of 5.49% significantly outpaces the Sensex's return of 1.77%, showcasing its strong relative performance. The stock's year-to-date return of 21.09% also exceeds the Sensex's 4.67%, further highlighting its resilience and attractiveness to investors. The company's consistent returns over the past three years, coupled with recent positive quarterly results, have likely bolstered investor confidence, contributing to the stock's upward trajectory. Despite some concerns regarding its valuation, the overall positive financial indicators and strong market performance suggest a favorable outlook for Sarda Energy.