Why is Cupid falling/rising?

As of 24-Jun, Cupid Ltd's stock price is currently at 95.85, reflecting an increase of 4.4, or 4.81%. The stock opened with a significant gain of 4.98% today and reached an intraday high of Rs 97.5, which is a 6.62% increase. Over the past week, Cupid has outperformed the sector by 3.27%, and its delivery volume has surged by 209.05% compared to the 5-day average, indicating rising investor participation. Despite a decline of 7.27% over the past month, the stock has shown impressive year-to-date growth of 26.43% and a remarkable 807.67% increase over the past three years. The company's low debt-to-equity ratio suggests a stable financial position, which may contribute positively to investor sentiment.
In the broader market context, Cupid's recent performance stands out, particularly in the short term, as it has gained 3.90% over the past week while the Sensex has only increased by 0.58%. This significant outperformance indicates strong investor confidence in Cupid compared to the overall market. Although the stock has faced some challenges in the past month, its year-to-date and three-year returns highlight a robust long-term growth trajectory, which may be attracting more investors despite recent fluctuations.