Why is Cupid falling/rising?

As of 15-Jul, Cupid Ltd's stock price is rising, currently at Rs. 133.45, reflecting an increase of Rs. 7.15 or 5.66%. The stock has recently hit a new 52-week high of Rs. 136.1 and has been on an upward trend, gaining 23.62% over the last four days. Additionally, it has outperformed its sector by 4.05% today. The stock's performance over various periods shows significant returns, including a 76.03% increase year-to-date and a remarkable 1087.81% rise over the past three years. The company also maintains a low debt-to-equity ratio, which is a positive factor contributing to investor confidence and the stock's upward movement.
In the broader market context, Cupid Ltd's short-term performance stands in stark contrast to the Sensex, which has declined by 1.36% over the past week while Cupid's stock has surged by 23.45%. This significant outperformance highlights the company's strong market position and investor interest, evidenced by a 111.12% increase in delivery volume compared to the five-day average. The stock's liquidity is also favorable, allowing for substantial trading activity. Overall, Cupid Ltd's strong returns and positive market sentiment are driving its stock price higher, despite a generally challenging market environment.