Why is Baazar Style falling/rising?

As of 02-Jul, Baazar Style Retail Ltd is experiencing a price increase, currently at Rs 321.85, reflecting a rise of 4.95 (1.56%). The stock has been on an upward trend, gaining for the last four days and achieving a total return of 11.95% during this period. It has outperformed its sector by 2.92% today and has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a slight decline in investor participation, with delivery volume decreasing by 8.98% against the 5-day average, the company shows healthy long-term growth, with net sales increasing at an annual rate of 30.60% and operating profit at 49.28%. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 8.7, further supports its positive movement.
In the broader market context, Baazar Style's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.79% over the past week, while Baazar Style has risen by 11.23%. This strong relative performance highlights investor confidence in the company amidst a generally stable market. Although the stock's year-to-date return of 3.64% lags behind the Sensex's 6.75%, the recent gains suggest a positive shift in sentiment. Overall, the combination of solid financial growth and favorable market conditions has contributed to the stock's rising price.