Why is Zinka Logistics falling/rising?

As of 13-Aug, Zinka Logistics Solutions Ltd is experiencing a price increase, currently at Rs 553.10, which reflects a rise of Rs 32.5 or 6.24%. The stock has shown a strong performance today, outperforming its sector by 6.29%, and has touched an intraday high of Rs 563, marking an increase of 8.14%. Despite a wide trading range of Rs 58.8 and high volatility of 6.78%, the stock is trading above all its moving averages, indicating a positive trend. Over the past month, Zinka Logistics has gained 26.60%, significantly outperforming the Sensex, which has declined by 2.38%. The company has also reported positive financial results, with net sales growing at an annual rate of 42.40% and a substantial increase in operating profit, contributing to investor confidence.
In the broader market context, Zinka Logistics' short-term return of 26.60% over the past month stands in stark contrast to the Sensex's decline of 2.38%, highlighting the stock's strong relative performance. The company benefits from a low debt-to-equity ratio and high institutional holdings, which have increased by 12.15% over the previous quarter, suggesting strong support from knowledgeable investors. However, there is a noted decline in delivery volume, which has fallen by 62.47% against the 5-day average, indicating a potential concern regarding investor participation. Overall, the combination of strong financial performance and positive institutional sentiment appears to be driving the stock's recent upward movement.