Why is Shradha AI Tech falling/rising?

As of 05-Sep, Shradha AI Technologies Ltd is experiencing a price increase, currently at Rs 41.50, which reflects a rise of 1.2 or 2.98%. Today's price summary indicates that the stock has outperformed its sector by 2.45% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 42. The stock's performance over the past week has been positive, with a return of 2.24%, although it has seen a decline of 4.33% over the past month. The company has demonstrated strong financial health, with a low debt-to-equity ratio and impressive growth in net sales and operating profit, contributing to its market-beating performance despite a challenging broader market.
In the broader market context, the stock's short-term return of 2.24% over the past week significantly outpaces the Sensex, which has only increased by 1.13% during the same period. While the stock has shown strong performance over the past year with a return of 45.51%, it has faced challenges with a year-to-date decline of 25.23%. The stock's valuation remains a concern, as indicated by its high price-to-book ratio and relatively expensive valuation metrics, which could impact investor sentiment moving forward. Overall, the combination of recent positive financial results and a rebound in price after a short-term decline has contributed to the stock's upward movement.