Why is Centrum Capital falling/rising?

As of 11-Jul, Centrum Capital Ltd is experiencing a rise in its stock price, currently at 37.98, with an increase of 0.77 or 2.07%. The stock has shown strong performance recently, gaining 8.83% over the last four days and outperforming its sector by 2.99% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company reported positive results for March 25, with net sales growing by 47.3% compared to the previous four-quarter average and achieving the highest PBDIT at Rs 442.96 crore, which likely contributes to the stock's upward momentum.
In the broader market context, Centrum Capital's short-term return of +7.08% over the past week significantly outperforms the Sensex, which has declined by 1.12% during the same period. This contrast highlights the stock's strength relative to the market. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 60.26% against the 5-day average, which could be a concern for future trading activity. Despite this, the overall positive financial results and strong recent performance suggest that the stock is currently on an upward trajectory.