Why is Shradha AI Tech falling/rising?

As of 17-Sep, Shradha AI Technologies Ltd is experiencing a rise in its stock price, currently at Rs 42.60, reflecting an increase of 1.2 or 2.9%. The stock has shown a positive trend today, having gained after two consecutive days of decline, and opened with a notable gap up of 3.14%. It reached an intraday high of Rs 42.95, indicating strong intraday performance. Over the past week, the stock has outperformed its sector by 2.12%, and despite a year-to-date decline of 23.24%, it has generated a substantial return of 36.54% over the past year. The company has demonstrated impressive growth metrics, including a 96.09% increase in net sales and a healthy operating profit growth rate of 30.07%, which positively influences investor sentiment.
In the broader market context, while the Sensex has shown a 1.56% increase over the past week and a 2.60% rise over the past month, Shradha AI Technologies has lagged behind with a 1.19% gain over the same week. However, the stock's strong performance over the past year contrasts with the negative returns of -2.63% from the BSE500 index, highlighting its resilience. Despite a decline in investor participation, as indicated by a 20.15% drop in delivery volume, the stock remains liquid enough for trading. The company's low debt-to-equity ratio and majority ownership by promoters further bolster its attractiveness, although concerns about its high valuation relative to peers persist.