Why is C D S L falling/rising?

As of 03-Jul, Central Depository Services (India) Ltd is experiencing a price increase, currently at 1,804.90, reflecting a rise of 25.9 or 1.46%. The stock has shown strong performance today, outperforming its sector by 1.98%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 3.33%, while it has delivered a remarkable 55.62% return over the last year, significantly outperforming the BSE500 benchmark. Despite a recent decline in delivery volume by 21.33% against the 5-day average, the stock's long-term fundamentals remain robust, with a strong average Return on Equity (ROE) of 26.52% and healthy growth rates in net sales and operating profit.
In the broader market context, while the Sensex has declined by 0.56% over the past week, CDSL's positive short-term return highlights its resilience and strong market position. The stock's performance is further supported by high institutional holdings at 26.75%, which suggests confidence from investors with substantial analytical resources. Overall, CDSL's ability to generate significant returns over various time frames, coupled with its strong fundamentals, positions it favorably against the broader market trends.