Why is Centrum Capital falling/rising?

As of 14-Jul, Centrum Capital Ltd is experiencing a price increase, with its current price at 38.69, reflecting a change of 0.71 or 1.87% upward. The stock has shown strong performance recently, gaining 10.86% over the past week and 20.04% over the past month, significantly outperforming the Sensex, which has declined by 1.42% in the same week. Additionally, Centrum Capital is trading above its moving averages across various time frames, indicating a positive trend. The company reported its highest quarterly net sales at Rs 1,116.25 crore and highest PBDIT at Rs 442.96 crore, contributing to the stock's upward movement. However, there is a noted decline in investor participation, with delivery volume falling by 78.98% against the 5-day average.
In the broader market context, Centrum Capital's strong short-term returns contrast sharply with the Sensex's performance, which has shown a decline in the same period. While the stock has gained 10.86% over the last week, the Sensex has decreased by 1.42%, highlighting Centrum's relative strength in a challenging market environment. This outperformance, combined with positive financial results, suggests that investor confidence in Centrum Capital remains robust despite the drop in trading volume.