Why is Transrail Light falling/rising?

As of 19-Sep, Transrail Lighting Ltd's stock price is currently at 799.00, reflecting an increase of 8.75, or 1.11%. The stock has been gaining momentum, having outperformed its sector by 2.5% today and showing a consecutive gain over the last two days with a total return of 2.83%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 83.83% compared to the 5-day average. The company has demonstrated robust long-term fundamentals, with a strong return on capital employed (ROCE) of 26.19%, healthy growth in net sales and operating profit, and a low debt-to-EBITDA ratio, which supports its positive stock performance.
In the broader market context, Transrail Lighting Ltd has outperformed the Sensex over the past week and month, with returns of 1.99% and 1.74%, respectively, compared to the benchmark's 0.88% and 1.20%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The company's positive financial results over the last three quarters, including significant growth in net sales and profits, further bolster investor confidence, contributing to the stock's rising price. Overall, the combination of strong fundamentals, positive market sentiment, and favorable trading conditions is driving the stock's upward movement.