Why is Va Tech Wabag falling/rising?

As of 14-Aug, Va Tech Wabag Ltd's stock price is rising, currently at Rs 1,582.70, reflecting an increase of Rs 56.4 or 3.7%. The stock has shown strong performance today, outperforming its sector by 3.91% and reaching an intraday high of Rs 1,593.5, which is a 4.4% increase. Over the past week, the stock has gained 4.77%, while it has risen 8.72% over the past month. The company has reported positive financial results, with net sales growing by 21.11% and profit after tax increasing by 29.75%. Additionally, the stock is trading above all major moving averages, and there has been a significant rise in investor participation, with delivery volume increasing by 93.31% compared to the 5-day average.
In the broader market context, while Va Tech Wabag has shown strong short-term returns, the benchmark Sensex has remained relatively flat, with a change of -0.03% over the past week. This indicates that the stock is performing well against the market backdrop. The company's low debt-to-equity ratio and high institutional holdings, which have increased by 0.76% in the last quarter, suggest a stable financial position and confidence from larger investors. Furthermore, the stock has consistently outperformed the BSE500 over the last three years, contributing to its positive momentum in the market.