Why is Suditi Industrie falling/rising?

As of 27-Jun, Suditi Industries Ltd is experiencing a price increase, currently at Rs 58.38, which reflects a rise of Rs 1.14 or 1.99%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 11.2% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Furthermore, the stock is close to its 52-week high, just 2.43% away from Rs 59.8. Despite a slight decline in delivery volume, the company has shown impressive financial performance, with net sales growing by 195.42% and a significant increase in profit after tax over the last six months, contributing to positive investor sentiment.
In the broader market context, Suditi Industries has outperformed the benchmark index, Sensex, with a weekly return of 10.36% compared to the Sensex's 2.00%. Over the past year, the stock has generated a remarkable return of 306.26%, significantly surpassing the market's average return of 6.08%. This strong performance relative to the market, combined with consistent positive quarterly results, reinforces investor confidence and supports the stock's rising price.