Why is Syrma SGS Tech. falling/rising?

As of 28-Jul, Syrma SGS Technology Ltd is experiencing a price increase, currently at Rs 746.00, reflecting a rise of Rs 17.95 or 2.47%. The stock has recently hit a new 52-week high of Rs 749.85 and has outperformed its sector by 4.85%. Over the past week, the stock has gained 5.23%, and in the last month, it has surged by 33.91%. The company's strong performance is supported by a low debt-to-equity ratio, healthy growth in net sales and operating profit, and positive results over the last four quarters, which have contributed to investor confidence and rising institutional participation.
In the broader market context, while the Sensex has declined by 1.59% over the past week and 3.77% over the past month, Syrma SGS Technology Ltd has shown resilience with a year-to-date return of 26.30%, significantly outperforming the benchmark's 3.52% gain. This contrast highlights the stock's strong fundamentals and market-beating performance, as it has generated a remarkable 55.42% return over the past year despite the overall market's negative trend. The increasing participation from institutional investors further indicates a positive outlook for the stock, suggesting that it is viewed favorably compared to the broader market conditions.