Why is Smruthi Organic falling/rising?

As of 29-Jul, Smruthi Organics Ltd is experiencing a price increase, currently at 128.45, reflecting a rise of 1.6 or 1.26%. The stock has been gaining for the last three days, with a total return of 2.72% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 125.76% compared to the 5-day average. Despite a year-over-year decline of 19.21% in stock returns, the company has shown positive financial results recently, including the highest quarterly PBDIT and PAT figures, which may contribute to investor confidence.
In the broader market context, Smruthi Organics has outperformed the Sensex in the short term, with a 1-week return of -0.43% compared to the benchmark's -1.03%. This suggests that while the stock has faced challenges over the past year, its recent performance is relatively stronger than the market average. The company's low debt-to-equity ratio and attractive valuation compared to peers may also support its stock price, despite the overall decline in profits. Thus, the combination of positive recent financial results and improved trading metrics appears to be driving the stock's upward movement.