Why is Baazar Style falling/rising?

As of 14-Aug, Baazar Style Retail Ltd is experiencing a slight increase in its stock price, currently at Rs 312.80, reflecting a change of 1.15 or 0.37% upward. The stock has shown a positive performance today, reaching an intraday high of Rs 322.8, which is a 3.58% increase. However, there is a notable decline in investor participation, with delivery volume dropping by 66.1% compared to the 5-day average. Over the past week, the stock has gained 1.20%, while it has outperformed the Sensex over the past month with an increase of 8.22% compared to the benchmark's decline of 2.01%. 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 recent performance contrasts positively with the Sensex, which has seen a slight decline of 0.03% over the past week. While the stock has generated a flat return of 0.00% over the past year, its profits have increased by 5%, indicating underlying strength despite the lack of significant price movement. The stock's liquidity remains adequate for trading, and the majority ownership by promoters suggests stability in management. Overall, the combination of strong growth metrics and relative outperformance against the benchmark contributes to the stock's rising price, despite the recent drop in trading volume.