Why is Blue Cloud Soft. falling/rising?

As of 02-Jul, Blue Cloud Softech Solutions Ltd is experiencing a price increase, currently at 33.43, with a change of 0.65, representing a 1.98% rise. The stock has been on an upward trend, gaining for the last 16 consecutive days and achieving a remarkable 36.84% return during this period. In the past week, the stock has outperformed the sector by 1.89% and has shown a significant increase of 10.33%, while over the last month, it has surged by 47.99%. Despite a challenging year-to-date performance of -65.97% and a one-year decline of -85.41%, the company has demonstrated strong fundamentals, including a 58.70% annual growth rate in net sales and a 148.23% increase in operating profit. The stock's attractive valuation, with a PEG ratio of 0.9 and high institutional holdings at 22.94%, further supports its recent positive movement.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with a 10.33% return over the past week compared to the Sensex's 0.79%. This indicates a strong relative performance amidst a generally stable market environment. However, it is important to note that the stock has underperformed over the longer term, with a one-year return of -85.41% against the BSE500's 3.11%. Despite this, the recent positive results over the last nine quarters and rising investor participation suggest a growing confidence in the company's future prospects, which may be contributing to the current upward price movement.