Why is City Pulse Multi falling/rising?

As of 02-Sep, City Pulse Multiventures Ltd is experiencing a price increase, currently at 2,799.95, reflecting a rise of 116.95 or 4.36%. The stock has shown strong performance today, outperforming its sector by 3.64%, and is trading above all key moving averages, indicating positive momentum. Additionally, the stock is close to its 52-week high, just 3.22% away from Rs 2890. Over the past year, City Pulse has generated impressive returns of 231.36%, significantly outperforming the BSE500 index in each of the last three annual periods. However, it is important to note that the company has faced challenges, including weak long-term fundamental strength with a -2.80% CAGR growth in net sales over the last five years and a low return on equity of 0.23%, which may temper investor enthusiasm.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.76%, while the benchmark Sensex has also decreased by 0.78%. However, over the past month, City Pulse has significantly outperformed the benchmark with a return of 21.06% compared to the Sensex's -0.55%. This contrast highlights the stock's resilience and investor interest despite underlying fundamental weaknesses. The rising investor participation, evidenced by a 75.44% increase in delivery volume, suggests that market sentiment remains positive towards City Pulse, contributing to its current price rise.