Why is Cupid falling/rising?

As of 11-Jul, Cupid Ltd's stock price is rising, currently at Rs. 118.35, reflecting an increase of Rs. 8.35 or 7.59%. The stock has recently hit a new 52-week high of Rs. 119.1 and has outperformed its sector by 5.84%. Over the last two days, the stock has gained 9.63%, and its performance over the past week shows a return of 8.93%. Additionally, Cupid has demonstrated strong long-term performance, with a year-to-date return of 56.11% and a remarkable 950.83% increase over the past three years. Despite a recent decline in investor participation, indicated by a 26.44% drop in delivery volume, the stock's low debt-to-equity ratio and consistent outperformance against the BSE500 contribute positively to its recent upward movement.
In the broader market context, Cupid Ltd's short-term performance stands in stark contrast to the Sensex, which has seen a decline of 1.12% over the past week. This significant outperformance highlights the stock's resilience and attractiveness to investors, particularly given its strong returns compared to the benchmark. The overall market has been relatively flat, with the Sensex showing minimal change over the past month, while Cupid's stock continues to rise, indicating a strong investor sentiment specifically towards Cupid Ltd amidst a challenging market environment.