Why is Centrum Capital falling/rising?

As of 15-Jul, Centrum Capital Ltd's stock price is currently at Rs 40.03, reflecting an increase of Rs 1.34 or 3.46%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 14.7% during this period. It has outperformed its sector by 2.65% today, with a notable intraday high of Rs 40.03. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The recent positive financial results, including the highest net sales and PBDIT for the quarter, have likely contributed to this upward movement.
In the broader market context, Centrum Capital's performance over the past week shows a return of +14.50%, contrasting sharply with the Sensex, which has declined by 1.36% during the same period. This significant outperformance highlights the stock's strength relative to the market. Year-to-date, Centrum Capital has also shown a robust return of +21.08%, compared to the Sensex's +5.67%. The rising investor participation, evidenced by a substantial increase in delivery volume, further supports the stock's positive trajectory amidst a generally challenging market environment.