Why is Bajel Projects falling/rising?

As of 10-Jun, Bajel Projects Ltd is experiencing a price increase, currently at Rs 226.00, reflecting a rise of 3.05 or 1.37%. The stock has shown a positive performance recently, gaining 5.21% over the last two days, although it underperformed its sector by 0.28% today. In the past week, the stock has risen by 4.92%, and over the past month, it has significantly outperformed the benchmark with a return of 37.76% compared to the Sensex's 3.70%. The company benefits from a low debt-to-equity ratio and strong long-term growth, with net sales increasing at an annual rate of 97.90% and operating profit at 72.86%. Additionally, the stock is technically in a mildly bullish range, supported by a bullish Bollinger Band since June 10, 2025.
In the broader market context, Bajel Projects' recent short-term performance has outpaced the Sensex, which has only gained 2.05% over the past week. This indicates that investor sentiment towards Bajel Projects is relatively strong, as evidenced by a significant increase in delivery volume, which rose by 113.21% against the five-day average. The stock's liquidity remains adequate for trading, further supporting its upward movement. Despite a year-to-date decline of 17.46%, the recent gains suggest a potential recovery phase, aligning with the overall positive technical indicators and rising investor participation.