Why is BLS Internat. falling/rising?

As of 11-Jul, BLS International Services Ltd's stock price is currently at 384.00, reflecting an increase of 0.75, or 0.2%. The stock has been gaining momentum, having risen 2.56% over the last two days, and has shown a strong performance over the past week with a return of 5.00%. It is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 40.48% compared to the 5-day average. The company has demonstrated strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 22.29% and consistent positive results over the last 16 quarters, which have contributed to its recent upward movement.
In the broader market context, BLS International's short-term performance contrasts sharply with the benchmark, as the Sensex has declined by 1.12% over the past week. Despite a year-to-date decline of 20.47%, the stock has outperformed the benchmark in the last three years, achieving a remarkable return of 265.63%. This consistent outperformance, coupled with strong financial results such as a 67.3% growth in profit after tax and a low debt-to-equity ratio, positions the stock favorably in a challenging market environment. Overall, the combination of positive investor sentiment, strong fundamentals, and recent gains against a backdrop of broader market weakness has contributed to the stock's rising price.