Why is City Pulse Multi falling/rising?

As of 01-Jul, City Pulse Multiventures Ltd is experiencing a price increase, currently at Rs 1,701.00, reflecting a rise of 6.55 or 0.39%. The stock has been on an upward trend, gaining 28.86% over the last 10 days and hitting a new 52-week and all-time high of Rs 1,739.95 today. It is trading above all its key moving averages, indicating strong momentum. Additionally, the company has demonstrated impressive returns, with a staggering 948.71% increase over the past year and consistent performance that has outpaced the BSE500 in the last three annual periods. Positive financial results, including a higher profit after tax and record earnings before interest, taxes, depreciation, and amortization, further bolster investor confidence.
In the broader market context, City Pulse Multiventures Ltd's recent performance significantly outstrips the benchmark Sensex, which has only risen by 2.00% over the past week and 7.11% year-to-date. The film production, distribution, and entertainment sector, in which the company operates, has also seen a gain of 4.37%, contributing to a favorable environment for the stock. Furthermore, rising investor participation is evident, with a notable increase in delivery volume, suggesting heightened interest and liquidity in the stock. Overall, the combination of strong company performance, sector growth, and positive investor sentiment has contributed to the stock's upward trajectory.