Why is Shanthi Gears falling/rising?

As of 22-Jul, Shanthi Gears Ltd. is experiencing a price increase, currently at Rs 566.90, reflecting a rise of Rs 33.8 or 6.34%. The stock has shown strong performance today, outperforming its sector by 7.4%, and has gained consecutively over the last two days, resulting in a total return of 9.33% during this period. Additionally, Shanthi Gears has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company's low debt-to-equity ratio and a healthy long-term growth rate in operating profit of 34.57% further support the stock's upward movement.
In the broader market context, Shanthi Gears has significantly outperformed the benchmark Sensex over the past week and month, with returns of +9.47% and +13.96% respectively, while the Sensex has seen declines of -0.47% and -0.27%. This strong relative performance highlights investor confidence in Shanthi Gears amidst a generally weaker market. The rising investor participation, evidenced by a 29.12% increase in delivery volume, also suggests growing interest in the stock, contributing to its positive price movement.