Why is Baazar Style falling/rising?

As of 11-Sep, Baazar Style Retail Ltd's stock price is currently at Rs 365.60, reflecting an increase of Rs 10.2 or 2.87%. The stock has shown a positive trend today, outperforming its sector by 3.78% and reversing a two-day decline. It reached an intraday high of Rs 374.7, indicating strong intraday performance. Over the past week, the stock has gained 4.37%, and over the past month, it has risen by 18.22%, while year-to-date returns stand at 17.73%. Despite a recent decline in delivery volume by 35.46% against the 5-day average, the stock is trading above all major moving averages, suggesting a bullish trend. The company's healthy long-term growth, with net sales increasing at an annual rate of 30.60% and operating profit at 49.28%, supports its valuation, although it has generated a slight negative return of -0.98% over the past year.
In the broader market context, Baazar Style's short-term performance has significantly outpaced the Sensex, which has only increased by 1.03% over the past week and 1.17% over the past month. This strong relative performance indicates that investor sentiment towards Baazar Style is more favorable compared to the overall market. The company's majority ownership by promoters may also contribute to stability and confidence among investors. Overall, the combination of positive financial metrics and recent price movements suggests that the stock is experiencing upward momentum, despite some concerns regarding declining investor participation.