Why is Affle 3i falling/rising?

As of 08-Oct, Affle 3i Ltd's stock price is currently at 1,934.10, reflecting an increase of 46.7 points or 2.47%. Today's performance indicates a positive trend as the stock has gained after three consecutive days of decline, outperforming its sector by 1.68%. The stock reached an intraday high of Rs 1951.6, marking a 3.4% increase. Over the past year, Affle 3i has shown strong performance with a return of 26.89%, significantly outperforming the benchmark Sensex, which only returned 0.17%. The company has demonstrated high management efficiency with a return on equity of 19.46%, a low debt-to-equity ratio of 0.03, and consistent positive results over the last six quarters, contributing to a healthy long-term growth outlook.
In the broader market context, while the stock has experienced a slight decline of 1.57% over the past week, it has still managed to outperform the benchmark Sensex, which gained 0.98% in the same period. This indicates that despite recent short-term fluctuations, Affle 3i's overall performance remains robust compared to the market. The rising investor participation, evidenced by a 37.09% increase in delivery volume, suggests growing confidence among investors, further supporting the stock's upward movement. Overall, the combination of strong fundamentals, positive market sentiment, and institutional support has contributed to the recent rise in Affle 3i's stock price.