Why is Syrma SGS Tech. falling/rising?

As of 17-Jul, Syrma SGS Technology Ltd is experiencing a price increase, currently at Rs. 714.50, reflecting a rise of Rs. 18.85 or 2.71%. The stock has recently hit a new 52-week high of Rs. 719.75 and has outperformed its sector by 2.94%. Over the past week, the stock has gained 7.71%, and in the last month, it has surged by 35.50%. The company's strong performance is supported by healthy growth in net sales and profits, with a notable annual growth rate of 36.11% in net sales and 34.79% in net profit. Despite a decrease in delivery volume, the stock remains liquid enough for trading, and it is currently trading above all key moving averages, indicating a bullish trend.
In the broader market context, Syrma SGS Technology Ltd's performance stands out as it has generated a return of 49.38% over the past year, significantly outperforming the benchmark BSE500, which has only returned 0.26%. This strong performance highlights the company's market-beating capabilities. However, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 2.03%, which could impact future price movements. Despite these risks, the company's low debt-to-equity ratio and positive financial results from the last three quarters contribute to a favorable outlook, suggesting that the stock's recent rise is driven by strong fundamentals and market confidence.