Why is CLIO Infotech falling/rising?

As of 12-Aug, CLIO Infotech Ltd's stock price is rising, currently at 8.47, reflecting an increase of 0.4 or 4.96%. The stock has been on an upward trend, gaining for the last seven days and achieving a remarkable 37.06% return during this period. Additionally, it has outperformed its sector by 5.87% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 96.59% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, CLIO Infotech's performance stands in stark contrast to the benchmark Sensex, which has seen a decline of 0.59% over the past week. Over the last month, while CLIO Infotech has surged by 37.95%, the Sensex has dropped by 2.75%. This divergence highlights the stock's strong relative performance and resilience in a challenging market environment. Overall, the combination of positive stock-specific factors and the underperformance of the broader market contributes to the rising price of CLIO Infotech Ltd.