Why is Cupid falling/rising?

As of 22-Jul, Cupid Ltd's stock price is rising, currently at Rs 148.00, reflecting an increase of Rs 2.1 or 1.44%. The stock has shown strong performance, with a 10.90% increase over the past week and a remarkable 59.14% rise over the last month. It is currently trading close to its 52-week high, just 2.7% away from Rs 152. Additionally, Cupid has consistently outperformed the sector by 0.42% today and is trading above all key moving averages, indicating a positive trend. The company has demonstrated impressive returns over the last three years, with a 76.21% increase in the past year alone, and has maintained a low debt-to-equity ratio, contributing to its stability and attractiveness to investors.
In the broader market context, while the Sensex has experienced a slight decline of 0.47% over the past week, Cupid's stock has significantly outperformed this benchmark, highlighting its strength in a challenging market environment. The stock's year-to-date return of 95.22% further emphasizes its robust performance compared to the Sensex's 5.18% increase. However, it is worth noting that there has been a slight decrease in investor participation, with delivery volume falling by 4.18% against the 5-day average, which could be a point of concern moving forward. Despite this, the overall positive returns and consistent performance suggest that Cupid Ltd remains a strong contender in the market.