Why is Cupid falling/rising?

As of 23-Jul, Cupid Ltd's stock price is currently at Rs 147.00, reflecting a decrease of Rs 1.0 or 0.68%. Despite this decline, the stock has shown strong performance over various time frames, with a remarkable 93.91% increase year-to-date and a staggering 1180.77% rise over the past three years. Today's price summary indicates that Cupid is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 28.93% compared to the 5-day average, which may be contributing to the current price drop. The company maintains a low debt-to-equity ratio and has consistently outperformed the BSE500 index, generating significant returns over the past year, which supports a hold recommendation.
In the broader market context, Cupid's short-term performance has significantly outpaced the benchmark, with a 12.77% increase over the past week compared to a mere 0.11% rise in the Sensex. This indicates that while the stock is experiencing a slight decline today, it has been performing exceptionally well relative to the market overall. The strong historical returns and consistent outperformance suggest that the stock remains attractive despite the recent dip, and the liquidity remains sufficient for trading, further indicating that the stock's fundamentals are solid even amidst the current price fluctuation.