Why is Va Tech Wabag falling/rising?

As of 23-Jul, Va Tech Wabag Ltd's stock price is currently at 1,588.00, reflecting an increase of 4.6 points or 0.29%. The stock has been on an upward trend, gaining for the last three days with a total return of 7.44% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 178.59% compared to the 5-day average. The company's low debt-to-equity ratio, high operating profit to interest ratio, and substantial cash reserves contribute positively to its valuation, while high institutional holdings suggest confidence from knowledgeable investors.
In the broader market context, Va Tech Wabag's short-term performance has significantly outpaced the benchmark, with a 9.03% return over the past week compared to the Sensex's mere 0.11% increase. While the stock has underperformed the benchmark year-to-date, it has shown consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. This strong historical performance, combined with positive recent financial results and increasing institutional interest, supports the stock's rising price despite its year-to-date decline.