Why is City Pulse Multi falling/rising?

As of 27-Jun, City Pulse Multiventures Ltd is experiencing a price increase, currently at Rs 1,419.30, reflecting a rise of 28.8 points or 2.07%. The stock has been on an upward trajectory for the last eight days, gaining 7.52% during this period. It reached a new 52-week and all-time high of Rs 1,480 today, although it underperformed its sector by 8.53%. The stock has shown impressive returns over various periods, including a staggering 775.57% over the past year and 46.47% year-to-date, consistently outperforming the BSE 500 index. Positive financial results, including a higher profit after tax and record earnings before interest, taxes, depreciation, and amortization, have contributed to the stock's favorable performance.
In the broader market context, City Pulse Multiventures Ltd's short-term return of 2.40% over the past week slightly outpaces the Sensex's return of 2.00%. The film production, distribution, and entertainment sector, in which the company operates, has also seen a gain of 10.77%, indicating a positive environment for stocks in this industry. Additionally, rising investor participation, evidenced by a 13.53% increase in delivery volume, suggests growing confidence in the stock. Overall, the combination of strong financial performance, consistent returns, and favorable sector dynamics has supported the stock's upward movement.