Why is ABM Knowledge falling/rising?

As of 23-Sep, ABM Knowledgeware Ltd is experiencing a price increase, currently valued at 203.55, reflecting a rise of 12.4 or 6.49%. The stock has shown strong performance today, outperforming its sector by 7.08% and achieving a consecutive gain over the last two days with a total return of 9.52%. It reached an intraday high of Rs 205.75, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 78.62% compared to the 5-day average. The stock has also demonstrated impressive returns over various periods, including a 41.75% increase over the past year and a 92.48% increase over the last three years, indicating strong market performance and a low debt-to-equity ratio, which supports its upward movement.
In the broader market context, ABM Knowledgeware's short-term performance has significantly outpaced the benchmark, with a 20.44% increase over the past week compared to a slight decline of 0.34% in the Sensex. This trend of outperformance is consistent across multiple time frames, highlighting the stock's resilience and attractiveness to investors. The company's majority ownership by promoters and its ability to generate substantial returns in both the long and short term further bolster investor confidence, contributing to the stock's rising price.