Why is Centum Electron falling/rising?

As of 01-Sep, Centum Electronics Ltd is experiencing a price increase, currently at Rs 2,840.00, reflecting a rise of 93.85 (3.42%). The stock has shown strong performance recently, gaining 6.33% over the last two days and outperforming its sector by 3.02%. Despite opening with a loss of 4.91% today, it reached an intraday high of Rs 2,905, which is only 3.17% away from its 52-week high of Rs 2,930. Over the past year, the stock has generated a remarkable return of 66.64%, significantly outperforming the broader market, as indicated by the Sensex's decline of 2.43% during the same period. Positive financial results, including substantial growth in profit before tax and profit after tax, as well as an increase in institutional investor participation, have contributed to the stock's upward momentum.
In the broader market context, Centum Electronics has outperformed the Sensex, which has seen a decline of 1.56% over the past week, while Centum's stock has increased by 1.35%. This trend of outperformance is consistent over longer periods, with Centum achieving a return of 492.78% over the last three years compared to the Sensex's 36.75%. The stock's liquidity remains adequate, although there has been a notable decrease in delivery volume, indicating a potential concern regarding investor participation. Overall, the combination of strong financial performance and increasing institutional interest supports the stock's rising price, despite some short-term volatility.