Why is Shanthi Gears falling/rising?

As of 24-Jul, Shanthi Gears Ltd. is experiencing a price increase, currently at Rs 598.70, reflecting a rise of Rs 20.2 or 3.49%. The stock has been on an upward trend, gaining for the last four days with a total return of 15.47% during this period. It opened today with a gain of 2.85% and reached an intraday high of Rs 620.7, which is a 7.29% increase. Additionally, the stock has outperformed its sector by 2.56%. Over the past week, Shanthi Gears has shown a return of 12.28%, significantly outperforming the Sensex, which has remained nearly flat at -0.09%. The company also benefits from a low debt-to-equity ratio and a strong annual growth rate of 34.57% in operating profit, contributing positively to investor sentiment.
In the broader market context, while the Sensex has shown a slight increase of 0.16% over the past month, Shanthi Gears has outperformed with a return of 20.06% in the same timeframe. This strong performance is further highlighted by a year-to-date return of 17.97% compared to the Sensex's 5.18%. The rising investor participation, evidenced by a significant increase in delivery volume, indicates growing confidence in the stock, which is also supported by its trading above all key moving averages. Overall, the combination of strong company fundamentals and positive market sentiment has led to the recent rise in Shanthi Gears' stock price.