Why is Cantabil Retail falling/rising?

As of 10-Jul, Cantabil Retail India Ltd is currently priced at 277.65, reflecting a rise of 0.65 or 0.23%. The stock has shown a positive trend recently, gaining 2.02% over the last three days and outperforming its sector by 0.53% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. However, there is a noted decline in investor participation, with delivery volume falling by 27.93% compared to the 5-day average. Positive financial results, including a 41.17% growth in profit before tax and a 31.7% increase in profit after tax, along with increased institutional investor participation, have contributed to the stock's recent performance. Nonetheless, the stock's valuation appears expensive relative to its return on capital employed, which may temper some investor enthusiasm.
In the broader market context, Cantabil Retail has outperformed the Sensex over the past week, with a return of 2.85% compared to a slight decline of 0.06% for the benchmark index. Over the past month, the stock has also shown a strong performance, gaining 6.89% while the Sensex increased by only 0.97%. Despite these positive short-term movements, the stock has underperformed year-to-date, with a decline of 3.19% against the Sensex's gain of 6.46%. This contrast highlights the stock's volatility and the potential concerns regarding its valuation, which could influence future investor sentiment.