Why is C D S L falling/rising?

As of 24-Jun, Central Depository Services (India) Ltd is experiencing a price increase, currently at 1,748.50, reflecting a rise of 25.2 or 1.46%. The stock has shown strong performance today, outperforming its sector by 0.54%. It is trading above all key moving averages, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 89.3% compared to the 5-day average. Over the past year, the stock has generated a remarkable return of 72.04%, and it has consistently outperformed the BSE 500 over various time frames, showcasing its strong long-term fundamentals, including a high average Return on Equity (ROE) of 26.52% and robust growth in net sales and operating profit.
In the broader market context, the stock's short-term return of 3.66% over the past week significantly outpaces the Sensex, which has only increased by 0.77% during the same period. This indicates that investor sentiment towards CDSL is particularly strong compared to the overall market. The high institutional holdings at 26.75% suggest that knowledgeable investors are confident in the company's prospects, further supporting the stock's upward movement. Overall, the combination of strong performance metrics, increased trading activity, and favorable institutional backing contributes to the stock's rising price.