Why is Shradha AI Tech falling/rising?

As of 24-Jul, Shradha AI Technologies Ltd is experiencing a price increase, currently at 45.15, reflecting a rise of 2.15 or 5.0%. The stock has shown strong performance recently, gaining 18.29% over the last three days and outperforming its sector by 7.18% today. It opened with a 5% gain and has maintained this price throughout the trading session. In terms of returns, the stock has increased by 25.21% over the past month, significantly outperforming the Sensex, which has only risen by 0.16% during the same period. Additionally, the company has reported impressive financial results, with a 96.09% growth in net sales and a healthy operating profit growth rate of 30.07%, contributing positively to investor sentiment.
In the broader market context, while the Sensex has seen a slight decline of 0.09% over the past week, Shradha AI Technologies has surged by 18.04%, indicating a strong divergence in performance. The stock's recent gains can be attributed to its low debt-to-equity ratio and favorable valuation metrics, despite being considered expensive based on its return on equity. The stock's performance over the past year, generating a return of 24.89%, also surpasses the broader market's return of 2.54%, further solidifying its attractiveness to investors. The rising investor participation, evidenced by a significant increase in delivery volume, suggests growing confidence in the company's prospects, which is likely driving the stock's upward movement.