Why is City Pulse Multi falling/rising?

As of 02-Jul, City Pulse Multiventures Ltd is experiencing a price increase, currently at Rs 1,720.25, reflecting a rise of Rs 19.25 or 1.13%. The stock has been on an upward trend, gaining for the last 11 days and achieving a remarkable 30.32% return during this period. It reached a new 52-week and all-time high of Rs 1,780 today, although it underperformed its sector by 4.22%. Over the past week, the stock has shown a substantial increase of 23.98%, and it has delivered an impressive 803.97% return over the last year, consistently outperforming the BSE500 index in each of the last three annual periods. Positive financial results, including a higher PAT and PBDIT, contribute to the stock's favorable outlook.
In the broader market context, City Pulse Multiventures Ltd's recent performance significantly outpaces the benchmark, with a 1-week return of 23.98% compared to the Sensex's 0.79%. The film production, distribution, and entertainment sector, in which the company operates, has also seen a gain of 5.3%, indicating a supportive environment for the stock. Additionally, rising investor participation, evidenced by a 15.94% increase in delivery volume, and the stock's trading above all key moving averages further enhance its appeal. Overall, the combination of strong financial results, consistent returns, and positive sector performance contributes to the stock's rising price.