Why is Syrma SGS Tech. falling/rising?

As of 19-Sep, Syrma SGS Technology Ltd is experiencing a price increase, currently at Rs 832.50, reflecting a rise of Rs 20.7 or 2.55%. The stock has shown strong performance, gaining 4.3% over the last two days and is currently trading close to its 52-week high, just 4.96% away from Rs 873.8. It has outperformed its sector by 2.59% today and is trading above all key moving averages, indicating positive momentum. The company has demonstrated robust financial health, with significant growth in net sales and operating profit, alongside a low debt-to-equity ratio. Additionally, institutional investors have increased their stake, which suggests growing confidence in the company's fundamentals.
In the broader market context, Syrma SGS Technology Ltd has outperformed the Sensex, with a 1-week return of 1.07% compared to the benchmark's 0.88%, and a remarkable 1-year return of 87.23% against the Sensex's decline of 0.67%. This strong performance over various time frames highlights the company's ability to generate returns that exceed market averages. Despite a slight decline in investor participation, the overall positive sentiment driven by consistent quarterly results and institutional interest supports the stock's upward trajectory.