Why is Baazar Style falling/rising?

As of 27-Jun, Baazar Style Retail Ltd's stock price is currently at Rs 298.35, reflecting an increase of Rs 10.85, or 3.77%. The stock has shown strong performance recently, with a 1-week return of +17.00% and a 1-month return of +12.12%, significantly outperforming the Sensex, which has returned +2.00% and +3.07% respectively over the same periods. Today's trading saw the stock reach an intraday high of Rs 306.95, indicating a rise of 6.77%, although it also touched a low of Rs 280.75. The stock's moving averages are higher than the 5-day, 20-day, 50-day, and 100-day averages, but lower than the 200-day average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 23.96% compared to the 5-day average, suggesting growing interest in the stock. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 30.60% and operating profit at 49.28%, contributing to its attractive valuation.
In the broader market context, Baazar Style's short-term performance has significantly outpaced the benchmark Sensex, which indicates a positive sentiment among investors despite the stock's year-to-date return of -3.93% compared to the Sensex's +7.58%. This discrepancy suggests that while the stock has faced challenges over a longer timeframe, recent trends and financial performance metrics are driving investor confidence and interest, leading to its current upward movement. The stock's ability to outperform the sector today by 3.79% further emphasizes its strong position in the market, despite the overall mixed performance over the year.