Why is Cupid falling/rising?

As of 29-Jul, Cupid Ltd's stock price is currently at Rs 150.80, reflecting an increase of Rs 1.2 or 0.8%. The stock has shown a strong performance over the past month, with a return of 40.93%, and has been gaining for the last four days, accumulating a total of 2.59% in that period. Despite this upward trend, the stock underperformed its sector by 0.42% today. It is also noteworthy that Cupid is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a significant drop in investor participation, with delivery volume falling by 42.12% compared to the 5-day average. The company maintains a low debt-to-equity ratio and has consistently generated returns, outperforming the BSE500 over the last three years.
In the broader market context, Cupid's short-term return of 1.89% over the past week stands in stark contrast to the Sensex, which has declined by 1.03% during the same period. This suggests that Cupid is performing well relative to the overall market. The stock's year-to-date return of 98.92% also significantly outpaces the Sensex's 4.09% increase, further highlighting its strong performance. Despite the recent gains, the decline in investor participation could pose a concern for future price movements, as liquidity may be affected. Overall, while Cupid Ltd is currently experiencing a rise in its stock price, the decrease in trading volume and sector underperformance could indicate potential challenges ahead.