Why is Transrail Light falling/rising?

As of 26-Aug, Transrail Lighting Ltd's stock price is currently at Rs 761.35, reflecting an increase of Rs 5.35 or 0.71%. The stock has shown a positive trend today, outperforming its sector by 2.41% and reversing a two-day decline. It reached an intraday high of Rs 777, indicating strong buying interest. The stock's performance over the past month has been robust, with a gain of 9.98%, while year-to-date, it has surged by 40.02%. Additionally, the company has demonstrated strong fundamentals, with a healthy growth in net sales and operating profit, alongside a low debt to EBITDA ratio, which supports its ability to service debt effectively.
In the broader market context, while the Sensex has declined by 1.05% over the past week, Transrail Lighting Ltd's stock has outperformed this benchmark, showcasing resilience. The stock's recent performance is bolstered by rising investor participation, as evidenced by a significant increase in delivery volume, which rose by 99.59% compared to the five-day average. This liquidity, combined with the company's strong long-term fundamentals and positive quarterly results, suggests that investor confidence remains high despite broader market challenges.