Why is Shradha AI Tech falling/rising?

As of 02-Sep, Shradha AI Technologies Ltd is experiencing a price increase, currently at Rs 41.63, reflecting a rise of 1.39 or 3.45%. Today's price summary indicates that the stock has outperformed its sector by 3.61% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 41.63, although it also touched a low of Rs 39 during the day. Over the past week, the stock has gained 3.02%, contrasting with a slight decline of 5.98% over the past month. Despite a year-to-date drop of 24.99%, the stock has delivered a robust annual return of 39.70%, significantly outperforming the broader market, which has seen negative returns.
In the broader market context, while the benchmark Sensex has declined by 0.78% over the past week and 0.55% over the past month, Shradha AI Technologies Ltd's recent performance indicates a positive shift. The company's strong fundamentals, including a low debt-to-equity ratio and impressive growth in net sales and operating profit, contribute to its favorable outlook. However, the stock's valuation remains high with a price-to-book ratio of 2.9, which could pose risks despite its historical performance. Overall, the combination of positive earnings results and a recent uptick in price suggests a recovery phase for the stock, even as it navigates challenges in investor participation and liquidity.