Why is Cigniti Tech. falling/rising?

As of 26-Jun, Cigniti Technologies Ltd is experiencing a slight increase in its stock price, currently at 1,762.55, with a change of 1.0 (0.06%) upward. The stock has been gaining for the last three days, showing a total return of 3.48% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the company has demonstrated high management efficiency with a return on equity (ROE) of 24.39% and a low debt-to-equity ratio, which supports its positive performance. The recent financial results have been very encouraging, with a net profit growth of 15.07% and record net sales, contributing to the stock's strong buy sentiment. Furthermore, institutional holdings have increased, reflecting confidence in the company's fundamentals.
In the broader market context, Cigniti Technologies has outperformed the benchmark Sensex in the short term, with a one-week return of 6.18% compared to the Sensex's 2.94%. This trend of consistent returns is evident over various periods, including a 30.50% return over the past year, which significantly exceeds the Sensex's 6.46% return. The stock's performance is bolstered by rising investor participation, as indicated by a 19.3% increase in delivery volume, suggesting a growing interest among investors. Overall, the combination of strong financial results, positive investor sentiment, and outperformance relative to the benchmark contributes to the stock's rising price.