Why is Thomas Scott falling/rising?

As of 22-Sep, Thomas Scott India Ltd's stock price is currently at Rs 382.60, reflecting an increase of Rs 13.2 or 3.57%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 16.01% during this period. It has outperformed its sector by 3.81% today and is trading above all its moving averages, indicating strong momentum. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.05 times and impressive growth in net sales and operating profit. Furthermore, it has reported positive results for the last ten consecutive quarters, contributing to a 51.83% return over the past year, despite a relatively high valuation compared to its peers.
In the broader market context, the stock's short-term performance of +14.79% over the past week significantly outpaces the Sensex, which has only increased by 0.46% during the same timeframe. This strong performance suggests that investor sentiment towards Thomas Scott is favorable, despite a slight decline in institutional investor participation, which has decreased by 0.77% in the previous quarter. The company’s consistent returns over the last three years and its ability to service debt effectively contribute positively to its stock price movement, even as concerns about its high valuation relative to peers linger.