Why is BSE falling/rising?

As of 23-Jun, BSE Ltd's stock price is rising, currently at 2,775.30, reflecting an increase of 87.2 or 3.24%. The stock has shown strong performance today, outperforming its sector by 2.71%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Over the past week, the stock has gained 2.89%, and it has delivered impressive returns of 225.16% over the past year, significantly outpacing the Sensex, which has only increased by 6.26%. The company has demonstrated strong long-term fundamental strength, with a remarkable 83.99% CAGR growth in operating profits and consistent positive results over the last nine quarters, contributing to the stock's upward movement.
In the broader market context, BSE Ltd's short-term return of 2.89% over the past week contrasts sharply with the Sensex's minimal increase of 0.10%, showcasing the stock's strong relative performance. Despite a recent decline in investor participation, with delivery volume falling by 23.02% against the 5-day average, the stock remains liquid enough for trading. However, it is important to note that the stock is considered expensive, trading at a premium compared to its peers, which could pose a risk if market conditions change. Overall, the combination of strong financial results and market-beating performance has contributed to the stock's rise, despite some concerns regarding its valuation.