Why is AXISCADES Tech. falling/rising?

As of 30-Jun, AXISCADES Technologies Ltd is experiencing a price increase, with its current price at Rs. 1,490.95, reflecting a rise of Rs. 65.65 or 4.61%. The stock has recently hit a new 52-week and all-time high of Rs. 1,496.55 and has outperformed its sector by 4.35%. Over the past three days, the stock has gained 11.68%, indicating strong momentum. Additionally, AXISCADES has shown impressive returns over various periods, including a 134.43% increase year-to-date and a remarkable 1,207.28% rise over the last three years. The company's strong financial metrics, such as a high return on capital employed (ROCE) of 15.56% and a low debt-to-EBITDA ratio of 0.67 times, further support its positive performance, alongside consistent positive results over the last four quarters.
In the broader market context, AXISCADES' short-term performance of 4.95% over the past week significantly outpaces the Sensex, which has only increased by 2.09% in the same timeframe. This strong relative performance highlights investor confidence in AXISCADES amidst a generally positive market environment. The stock's liquidity, indicated by a 105.51% increase in delivery volume, suggests rising investor participation, which is likely contributing to the upward price movement. Overall, AXISCADES Technologies Ltd's combination of strong financial health, consistent performance, and favorable market conditions are driving its stock price higher.