Why is City Pulse Multi falling/rising?

As of 05-Aug, City Pulse Multiventures Ltd is experiencing a price increase, currently at Rs 2,325.00, reflecting a rise of 24.0 points or 1.04%. Despite opening with a loss of 2.14% and touching an intraday low of Rs 2,251.8, the stock has shown resilience by trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 56.25% compared to the 5-day average. Over the past month, the stock has gained 12.05%, significantly outperforming the Sensex, which has declined by 3.26%. The stock's year-to-date performance is particularly impressive, with a gain of 139.94%, compared to the Sensex's modest increase of 3.29%.
In the broader market context, City Pulse Multiventures Ltd's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the past week, month, year-to-date, and year, indicating strong investor confidence. The stock's long-term returns are exceptional, with a staggering increase of 6200.81% over three years and 11823.08% over five years, far surpassing the Sensex's returns during the same periods. This strong performance, coupled with rising investor participation, suggests that the stock is viewed positively by the market, despite some short-term volatility.