Why is Ace Soft. Exp. falling/rising?

As of 13-Oct, Ace Software Exports Ltd is experiencing a price increase, currently at Rs. 370.55, which reflects a rise of Rs. 12.3 or 3.43%. The stock has recently hit a new 52-week high of Rs. 371.95 and has shown strong performance, gaining 8.03% over the last three days. Additionally, the stock has outperformed its sector by 4.18% today. Over the past week, it has increased by 6.86%, and year-to-date, it has risen by 16.54%. The stock is also trading above its moving averages across various time frames, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 96.84% against the 5-day average.
Broader market context shows that while Ace Software Exports Ltd has been performing exceptionally well, the benchmark Sensex has only increased by 0.66% over the past week. This stark contrast highlights the stock's strong relative performance. The stock's impressive returns over longer periods, such as a 60.91% increase over the past year and a staggering 3118.14% over three years, further emphasize its robust growth trajectory compared to the benchmark's modest gains. Overall, the combination of strong price movement, increasing investor interest, and significant outperformance against the benchmark contributes to the rising stock price of Ace Software Exports Ltd.