Why is AXISCADES Tech. falling/rising?

As of 22-Sep, AXISCADES Technologies Ltd is experiencing a price increase, currently at Rs 1,764.15, reflecting a rise of Rs 79.95 or 4.75%. The stock has recently hit a new 52-week and all-time high of Rs 1,768.4 and has shown strong performance, gaining 5.56% over the last three days. In terms of returns, AXISCADES has outperformed the benchmark Sensex significantly, with a 1-week return of 10.07% compared to the Sensex's 0.46%, and a remarkable 177.38% year-to-date return against the Sensex's 5.15%. 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 five quarters, including a 107.53% growth in profit after tax.
In the broader market context, while the IT - Software sector has seen a decline of 2.6%, AXISCADES has managed to outperform this trend, indicating strong investor confidence in the company's performance. Despite a slight decrease in delivery volume, the stock remains liquid enough for trading, suggesting ongoing interest. The stock's ability to generate substantial returns over the long term, including a 213.91% increase over the past year, positions it favorably against the broader market, which has seen a decline of 2.82% in the same period. Overall, the combination of strong financial metrics and market-beating performance contributes to the stock's rising price.