Why is Shakti Pumps falling/rising?

As of 30-Jul, Shakti Pumps (India) Ltd is experiencing a price increase, currently at Rs 905.00, reflecting a rise of Rs 14.55 or 1.63%. The stock has shown a positive performance today, outperforming its sector by 0.59% and achieving a consecutive gain over the last two days with a total return of 3.34%. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Despite a decline in delivery volume by 27.17% compared to the 5-day average, the stock has demonstrated strong fundamentals, including a high return on equity (ROE) of 19.67% and a low debt-to-equity ratio of 0.08. Additionally, the company has reported consistent positive results over the last six quarters, contributing to its long-term growth narrative.
In the broader market context, Shakti Pumps has underperformed the benchmark Sensex in the short term, with a 1-week return of -1.41% compared to the Sensex's -1.50%. However, the stock has significantly outperformed the benchmark over the past year, generating a return of 27.79% against the Sensex's minimal increase of 0.03%. The recent increase in institutional investor participation, with a 2.66% rise in their stake, suggests growing confidence in the company's fundamentals, which may be contributing to the stock's upward movement despite the recent volatility in trading volume. Overall, while the stock is currently rising, it faces challenges in terms of liquidity and moving averages that could impact its future performance.