Why is California Soft. falling/rising?

As of 04-Jul, California Software Company Ltd's stock price is currently at Rs. 19.64, reflecting an increase of Rs. 0.64 or 3.37%. The stock has been on a positive trajectory, gaining for the last nine consecutive days and achieving a remarkable 48% return during this period. Additionally, it has outperformed its sector by 2.66% today and reached a new 52-week high of Rs. 19.95. Over the past year, the stock has generated a return of 91.84%, significantly higher than the broader market's performance, which saw a return of only 2.13%. The company's strong financial indicators, such as the highest Debtors Turnover Ratio and PBDIT, along with rising promoter confidence—evidenced by a 26.53% increase in their stake—further bolster the stock's positive movement.
In the broader market context, California Software Company's short-term performance stands in stark contrast to the Sensex, which has declined by 0.74% over the past week. While the stock has shown impressive gains, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 57.74% against the five-day average. Despite this, the stock remains liquid enough for trading, and its current valuation appears favorable compared to peers, as it trades at a discount relative to historical averages. Overall, the combination of strong financial results, increasing promoter confidence, and significant outperformance against the market contributes to the stock's rising price.