Why is Baazar Style falling/rising?

As of 19-Sep, Baazar Style Retail Ltd is experiencing a price increase, currently at 368.15, reflecting a rise of 2.15 or 0.59%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement. However, there has been a decline in investor participation, with delivery volume dropping by 26.44% compared to the 5-day average. Over the past month, the stock has shown a significant return of 16.06%, outperforming the Sensex, which has only increased by 1.20%. The company has demonstrated healthy long-term growth, with net sales growing at an annual rate of 30.60% and operating profit at 49.28%, contributing to its attractive valuation.
In the broader market context, while Baazar Style's recent performance has been strong, it has underperformed the Sensex in the short term, with a slight decline of 0.12% over the past week compared to the benchmark's gain of 0.88%. Despite this, the stock's year-to-date return of 18.55% significantly surpasses the Sensex's 5.74%, indicating a robust performance relative to the market. The majority ownership by promoters may also provide stability and confidence in the company's future prospects, further supporting its price movement.