Why is Centenial Surgic falling/rising?

As of 17-Jul, Centenial Surgical Suture Ltd's stock price is currently at Rs 166.00, reflecting an increase of 1.0 (0.61%). The stock has shown strong performance recently, with a 7.41% increase over the past week and a notable 14.48% rise over the past month. It is also trading close to its 52-week high, just 2.11% away from Rs 169.5. The stock is performing well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 3387.07% against the 5-day average. However, it is important to note that while the stock has generated a return of 40.68% over the past year, its profits have decreased by 255.3%, which raises concerns about sustainability despite its attractive valuation metrics.
In the broader market context, Centenial Surgical Suture Ltd has outperformed the Sensex, which has seen a decline of 1.12% over the past week, while the stock has gained. This trend is consistent with its performance over longer periods, where it has consistently outperformed the BSE500 in each of the last three annual periods. The stock's strong returns in comparison to the benchmark highlight its resilience and appeal to investors, despite the negative profit trend. The majority of shareholders being non-institutional may also indicate a strong retail interest, contributing to the stock's upward movement. Overall, the combination of strong recent performance, attractive valuation, and rising investor participation suggests a positive outlook for the stock, even in light of its profit decline.