Why is BLS E-Services falling/rising?

As of 14-Nov, BLS E-Services Ltd's stock price is currently at Rs 210.80, reflecting an increase of Rs 3.0 or 1.44%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 6.01% during this period. Today, it outperformed its sector by 2.21%, reaching an intraday high of Rs 213.9. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has demonstrated robust financial performance, with net sales growing at an annual rate of 75.10% and operating profit increasing by 107.16%. The stock's low debt-to-equity ratio and consistent positive results over the last seven quarters further contribute to its favorable outlook.
In the broader market context, BLS E-Services has outperformed the Sensex over the past week, with a return of 2.85% compared to the benchmark's 1.62%. However, its year-to-date return of 2.80% lags behind the Sensex's 8.22%. The rising investor participation, evidenced by an increase in delivery volume, suggests growing confidence in the stock. Despite the stock's relatively modest annual return of 0.81%, its profits have surged by 67%, indicating that the stock is trading at a discount compared to its peers, which may attract further investment. Overall, the combination of strong financial performance and positive market sentiment is driving the stock's recent upward movement.