Why is City Pulse Multi falling/rising?

As of 16-Jul, City Pulse Multiventures Ltd is experiencing a decline in its stock price, currently at Rs 2,186.50, which reflects a decrease of Rs 9.5 or 0.43%. Despite hitting a new 52-week high of Rs 2,270 earlier in the day, the stock has underperformed its sector by 2.49% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 0.59%. Over the past year, the stock has shown remarkable growth, with a return of 614.54%, significantly outperforming the BSE500 index. Positive financial results, including a higher profit after tax and strong operational performance, suggest a solid foundation for the stock, yet recent price movements indicate some volatility.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has declined by 1.08% over the past week while City Pulse has managed a slight increase of 0.05%. This indicates that while the stock has been resilient in the face of broader market challenges, its recent performance has not been immune to sector-specific pressures. The film production and entertainment sector has seen a gain of 2.06%, which may have contributed to the stock's initial rise before the recent downturn. Overall, while the stock has shown impressive long-term returns, the current price movement reflects a combination of sector performance and recent volatility.