Why is City Pulse Multi falling/rising?

As of 14-Jul, City Pulse Multiventures Ltd is experiencing a slight increase in its stock price, currently at Rs 2,199.50, reflecting a change of 2.55 points or 0.12% upward. The stock is trading close to its 52-week high, being only 2.66% away from Rs 2,258. Despite this positive movement, it has underperformed its sector by 7.46%. Over the past week, the stock has shown a robust return of 3.41%, and it has delivered impressive returns over longer periods, including a staggering 647.62% over the past year. Positive financial results, including a higher profit after tax and the highest quarterly earnings before interest and taxes, contribute to the stock's favorable outlook, indicating strong performance and consistent returns over the last three years.
In the broader market context, while City Pulse Multiventures Ltd has outperformed the Sensex significantly over various time frames, including a year-to-date return of 126.99% compared to the Sensex's 5.27%, the stock's recent performance is tempered by a notable decline in investor participation, with delivery volume dropping by 83.8% against the five-day average. This decline in trading activity may signal caution among investors despite the stock's overall strong performance. Additionally, the film production, distribution, and entertainment sector has gained by 7.85%, which could provide a supportive backdrop for the stock's price movement, although the current liquidity remains adequate for trading.