Why is Candour Techtex falling/rising?

As of 30-Jul, Candour Techtex Ltd's stock price is currently at Rs 93.99, reflecting an increase of Rs 2.67 or 2.92%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 2.58%. Despite a decrease in delivery volume by 13.69% against the 5-day average, the stock has maintained a strong long-term growth trajectory, with net sales increasing at an annual rate of 72.63%. Over the past year, Candour Techtex has achieved an impressive return of 117.22%, significantly outperforming the broader market, which has generated negative returns of -2.34%.
In the short term, the stock has outperformed the benchmark Sensex, which has declined by 1.50% over the past week, while Candour Techtex has increased by 0.48%. This indicates a relative strength in the stock compared to the market. However, the stock's liquidity remains adequate for trading, and it is currently trading above its longer-term moving averages, suggesting a positive sentiment among investors despite the recent drop in participation. Overall, the combination of strong historical performance and recent positive price movement contributes to the stock's rising trajectory.