Why is Sarda Energy falling/rising?

As of 15-Oct, Sarda Energy & Minerals Ltd is experiencing a rise in its stock price, currently at 550.90, with an increase of 9.45 or 1.75%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 0.71% and reached an intraday high of Rs 554.8. Despite a negative return of -11.97% over the past month, the stock has shown strong long-term growth with a year-to-date increase of 14.24%. The company has demonstrated high management efficiency, a strong ability to service debt, and consistent returns over the past three years, which have positively influenced investor sentiment and contributed to the recent price increase.
In the broader market context, Sarda Energy's short-term performance has not matched the benchmark, as it has declined by -1.89% over the past week while the Sensex has risen by 1.02%. However, the stock's long-term performance remains robust, significantly outperforming the benchmark over three years with a staggering increase of 576.45%. The recent rise in investor participation, indicated by an 87.15% increase in delivery volume, suggests growing confidence in the stock despite its recent volatility. The company's positive financial results and healthy growth metrics further support its upward price movement, even as it faces challenges related to valuation compared to its peers.