Why is AXISCADES Tech. falling/rising?

As of 02-Sep, AXISCADES Technologies Ltd is experiencing a price increase, currently at Rs 1,327.85, reflecting a rise of 48.15 or 3.76%. The stock has shown strong performance today, outperforming its sector by 3.69% and has gained consecutively over the last two days, accumulating a total return of 6.71% during this period. The stock opened with a gain of 3.15% and reached an intraday high of Rs 1,327.85. Over the past week, it has increased by 4.31%, and year-to-date, it has delivered an impressive 108.78% return. The company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 0.67 times, and has reported positive results for the last five consecutive quarters, including a significant growth in PAT of 107.53% over the latest six months.
In the broader market context, while AXISCADES Technologies has been rising, the benchmark Sensex has declined by 0.78% over the past week. This indicates that the stock is not only performing well in absolute terms but is also gaining traction relative to the market. The stock's long-term performance has been exceptional, outperforming the BSE500 over various time frames, including a 100.89% return in the last year. However, it is worth noting that investor participation has fallen, with a significant decrease in delivery volume, which could be a concern for future price stability. Overall, the combination of strong financial performance and market-beating returns has contributed to the stock's upward movement.