Why is Centum Electron falling/rising?

As of 25-Aug, Centum Electronics Ltd is experiencing a rise in its stock price, currently at Rs 2,802.10, reflecting an increase of Rs 46.1 or 1.67%. The stock has shown a strong performance today, having gained 2.61% at the open and reaching an intraday high of Rs 2,828. It is also noteworthy that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Centum Electronics has outperformed the Sensex, with a return of 8.90% compared to the benchmark's 0.45%. Additionally, the stock has delivered impressive returns of 79.51% over the past year and 547.88% over the last three years, indicating strong long-term performance. Positive financial results, including significant growth in profit before tax and profit after tax, along with an increase in institutional investor participation, have contributed to the stock's upward movement.
In the broader market context, Centum Electronics' short-term performance has significantly outpaced the Sensex, which suggests a favorable sentiment towards the stock relative to the overall market. The stock's recent gains come after a brief period of decline, indicating a potential trend reversal. While there has been a decline in delivery volume, the overall liquidity remains adequate for trading. The increasing stake of institutional investors, who possess better analytical capabilities, further supports the stock's positive outlook. Overall, the combination of strong financial results, institutional interest, and a solid historical performance has bolstered investor confidence, leading to the stock's rise.