Why is AXISCADES Tech. falling/rising?

As of 04-Aug, AXISCADES Technologies Ltd is experiencing a price increase, currently at 1,290.00, which reflects a rise of 9.3 or 0.73%. Today's price summary indicates that the stock opened with a gain of 3.69% and reached an intraday high of Rs 1,339.95, marking a 4.63% increase. Despite this positive movement, the stock has underperformed its sector by 0.89%. Over the past year, AXISCADES has shown impressive returns of 131.06%, significantly outperforming the BSE500 index. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.67 times and consistent positive results over the last four quarters, contributing to investor confidence.
Broader Market Context: In the short term, AXISCADES has underperformed the benchmark index, with a weekly return of -0.74% compared to the Sensex's slight gain of 0.16%. However, the stock has outperformed the benchmark over longer periods, including a remarkable 102.83% year-to-date return and a staggering 937.81% return over three years. This long-term performance, coupled with rising investor participation and liquidity, suggests that while there may be short-term fluctuations, the overall market sentiment towards AXISCADES remains positive, supporting its recent price rise.