Why is Cupid falling/rising?

As of 03-Jul, Cupid Ltd's stock price is currently at Rs 109.90, reflecting an increase of Rs 2.3 or 2.14%. The stock has shown strong performance in the short term, with a 5.77% increase over the past week, while it has outperformed the sector by 0.57% today. Additionally, Cupid Ltd is trading above its moving averages across various time frames, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 61.94% compared to the 5-day average. Despite this, the company has demonstrated impressive long-term performance, generating a 44.97% return year-to-date and outperforming the BSE500 over multiple periods, which supports its recent price increase.
In the broader market context, while Cupid Ltd has experienced a positive return of 5.77% over the past week, the benchmark Sensex has declined by 0.62% during the same period. This significant outperformance highlights the stock's strength relative to the market. The company's low debt-to-equity ratio and consistent market-beating performance in both the long and near term further bolster investor confidence, contributing to the upward movement in its stock price. Overall, the combination of strong returns, positive technical indicators, and favorable company fundamentals suggests that Cupid Ltd's stock is rising due to its robust performance and market positioning.