Why is C D S L falling/rising?

As of 07-Jul, Central Depository Services (India) Ltd is experiencing a price increase, currently at 1,778.50, reflecting a rise of 16.0 or 0.91%. The stock has shown a mixed performance in the short term, with a slight decline of 0.86% over the past week, but it has outperformed the sector today. The stock's moving averages indicate a strong position, being higher than the 20-day, 50-day, 100-day, and 200-day averages, although it is lower than the 5-day average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 30.07% against the 5-day average. The stock has demonstrated strong long-term fundamentals, with a robust average Return on Equity (ROE) of 26.52% and significant growth in net sales and operating profit, contributing to its recent upward movement.
In the broader market context, the stock's performance over the last month shows a modest gain of 0.14%, while the benchmark Sensex has increased by 1.83%. Despite the short-term underperformance relative to the benchmark, the stock has outperformed the BSE500 over the last year, generating a return of 53.12% compared to the benchmark's 4.68%. This long-term market-beating performance, coupled with high institutional holdings at 26.75%, suggests that informed investors have confidence in the company's prospects, further supporting the stock's price increase. Overall, the combination of strong fundamentals, rising investor interest, and a solid long-term track record contributes to the stock's positive price movement.