Why is Shakti Pumps falling/rising?

As of 13-Aug, Shakti Pumps (India) Ltd is experiencing a price increase, currently at Rs 871.95, which reflects a rise of Rs 34.0 or 4.06%. The stock has shown positive momentum, gaining 4.84% over the last three days and outperforming its sector by 3.93% today. It opened with a significant gain of 5.04% and reached an intraday high of Rs 897, indicating strong buying interest. However, it is important to note that the stock's delivery volume has decreased significantly, falling by 70.95% against the 5-day average, which may suggest a decline in investor participation. Despite this, the company has demonstrated high management efficiency with a return on equity of 19.67%, a low debt-to-equity ratio of 0.08, and consistent positive results over the last seven quarters, contributing to its recent price rise.
In the broader market context, Shakti Pumps has outperformed the benchmark Sensex in the short term, with a weekly return of +10.72% compared to the benchmark's flat performance at -0.01%. While the stock has faced challenges over the longer term, including a year-to-date decline of 18.06%, its strong performance over the past three years, with a staggering return of +1030.65%, highlights its potential for recovery. The company's healthy long-term growth, evidenced by a 47.42% annual increase in net sales and a 162.46% rise in operating profit, positions it favorably despite recent fluctuations in investor activity.