Why is Shreyans Inds. falling/rising?

As of 11-Sep, Shreyans Industries Ltd is experiencing a rise in its stock price, currently at Rs 239.30, reflecting an increase of Rs 5.65 or 2.42%. The stock has shown strong performance today, outperforming its sector by 2.24% and achieving a consecutive gain over the last two days with a total return of 2.68%. Additionally, it has touched an intraday high of Rs 239.30 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-over-year decline of 11.75% and a profit drop of 22.4%, the stock's low debt-to-equity ratio and attractive valuation with a price-to-book value of 0.8 contribute positively to its recent upward movement.
In the broader market context, Shreyans Industries has outperformed the Sensex over the past week and month, with returns of 4.70% and 8.75%, respectively, compared to the Sensex's 1.03% and 1.17%. This indicates a strong relative performance in the short term. The significant increase in delivery volume, which rose by 474.68% against the 5-day average, suggests rising investor participation, further supporting the stock's upward trajectory. Overall, while the stock has faced challenges over the past year, its recent gains and positive market indicators reflect a favorable sentiment among investors.