Why is City Pulse Multi falling/rising?

As of 29-Jul, City Pulse Multiventures Ltd is experiencing a price increase, currently at Rs 2,355.00, reflecting a rise of Rs 127.0 or 5.7%. The stock has recently hit a new 52-week and all-time high of Rs 2,360, demonstrating strong upward momentum. Over the past week, it has gained 8.22%, outperforming its sector, which has risen by 3.62%. The stock has shown impressive returns over various periods, including a staggering 539.42% increase over the past year and a remarkable 6,282.11% over the last three years. Positive financial results, such as a higher profit after tax and record earnings before interest, taxes, depreciation, and amortization, have contributed to this bullish trend, alongside consistent outperformance against the BSE500 index.
In the broader market context, while City Pulse Multiventures Ltd has shown significant short-term gains, the benchmark Sensex has declined by 1.03% over the past week. This stark contrast highlights the stock's strong performance relative to the broader market. However, it is worth noting that investor participation has decreased, with delivery volume falling by 50% against the five-day average, which may indicate a potential concern for future liquidity. Despite this, the stock remains liquid enough for trading, and its consistent performance over the last three years suggests a solid foundation for continued growth.