Why is Cupid falling/rising?

As of 25-Jun, Cupid Ltd's stock price is rising, currently at 103.50, with a change of 7.65, representing a 7.98% increase. The stock has shown strong performance today, outperforming its sector by 5.41%, and has been on a consecutive gain streak for the last two days, accumulating a total return of 13.18% during this period. Additionally, Cupid's stock opened with a gain of 2.19% today and reached an intraday high of Rs 104.5, reflecting a 9.02% increase. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Cupid has generated an 11.21% return, and its long-term performance is impressive, with a 36.53% increase year-to-date and a staggering 880.11% rise over the last three years. The company maintains a low debt-to-equity ratio, which supports its stability and attractiveness to investors.
In the broader market context, Cupid's short-term return of 14.49% over the past week significantly outpaces the Sensex's return of 1.61% during the same period. This strong performance indicates that Cupid is not only thriving in its sector but also gaining traction compared to the overall market. The rubber products sector has also seen a gain of 2.57%, contributing to a favorable environment for Cupid. Furthermore, rising investor participation, as evidenced by a 22.37% increase in delivery volume, suggests growing confidence in the stock, enhancing its liquidity and trade appeal. Overall, Cupid's robust performance metrics and favorable market conditions are driving its stock price upward.