Why is Cupid falling/rising?

As of 04-Aug, Cupid Ltd's stock price is rising, currently at 167.25, reflecting an increase of 9.04 or 5.71%. The stock has recently reached a new 52-week high of Rs. 169.15 and has shown strong performance today, outperforming its sector by 3.08%. Over the last two days, the stock has gained 11.13%, and it opened with a gain of 2.46% today. Additionally, Cupid has demonstrated impressive returns over various periods, including a 120.62% increase year-to-date and a staggering 1419.76% rise over the past three years. The company maintains a low debt-to-equity ratio and has consistently generated substantial returns, outperforming the BSE500 in each of the last three annual periods, which positively influences investor sentiment.
In the broader market context, Cupid Ltd's short-term performance significantly outpaces the benchmark, with a 1-week return of +11.80% compared to the Sensex's mere +0.16%. This stark contrast highlights the stock's strong momentum relative to the overall market. Furthermore, the rubber products sector has gained by 2.5%, contributing to the positive environment for Cupid. The rising investor participation, evidenced by a 93.11% increase in delivery volume, indicates growing confidence among investors, further supporting the stock's upward trajectory. Overall, Cupid Ltd's robust performance metrics and favorable market conditions are driving its rising stock price.