Why is C D S L falling/rising?

As of 01-Jul, Central Depository Services (India) Ltd is experiencing a slight increase in its stock price, currently at 1,797.50, reflecting a change of 3.5 (0.2%) upward. The stock has shown strong performance, outperforming its sector by 0.34% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has demonstrated impressive returns over various periods, including a 47.46% increase over the past year and a remarkable 225.78% rise over the last three years. The company's strong long-term fundamentals, highlighted by an average Return on Equity (ROE) of 26.52% and significant growth in net sales and operating profit, further support its recent upward movement.
In the broader market context, the stock's short-term return of 2.80% over the past week exceeds the Sensex's return of 1.99%, indicating that CDSL is performing well relative to the benchmark. The stock's liquidity is also favorable, with a delivery volume increase of 44.9% compared to the 5-day average, suggesting rising investor participation. High institutional holdings at 26.75% indicate confidence from more sophisticated investors, which can positively influence the stock's performance. Overall, the combination of strong fundamentals, positive price movements, and favorable comparisons to the benchmark contributes to the stock's rising trend.