Why is Cupid falling/rising?

As of 14-Jul, Cupid Ltd's stock price is rising, currently at Rs. 126.30, reflecting an increase of Rs. 7.95 or 6.72%. The stock has recently reached a new 52-week high of Rs. 129.55 and has been on an upward trend, gaining 17% over the past three days. In terms of performance, Cupid has outperformed the sector by 4.51% today and has shown impressive returns over various periods, including a 66.60% increase year-to-date and a staggering 1047.40% over the last three years. The company maintains a low debt-to-equity ratio, which contributes positively to its financial stability and attractiveness to investors.
In the broader market context, Cupid's short-term performance stands in stark contrast to the Sensex, which has declined by 1.42% over the past week while Cupid has surged by 16.94%. This significant outperformance highlights investor confidence in Cupid, particularly as it has consistently generated returns that exceed those of the broader market indices. Additionally, rising investor participation, evidenced by a 616.82% increase in delivery volume, further supports the stock's upward momentum, indicating strong demand among investors. Overall, Cupid Ltd's robust performance metrics and favorable market conditions are driving its stock price higher.