Why is Cupid falling/rising?

As of 13-Aug, Cupid Ltd's stock price is currently at Rs 167.70, reflecting an increase of Rs 2.2, or 1.33%. The stock has been gaining momentum, having risen for the last two days with a total return of 1.88% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the company reported its highest quarterly net sales and profits in June, contributing to a robust performance with a 66.75% return over the past year, significantly outperforming the broader market indices.
In the broader market context, Cupid's short-term performance has been favorable compared to the Sensex, which has seen a slight decline of 0.01% over the past week while Cupid's stock increased by 0.12%. Despite a notable drop in investor participation, with delivery volume decreasing by 57.89% against the 5-day average, the stock remains liquid enough for trading. The company's low debt-to-equity ratio and consistent returns over the last three years further bolster investor confidence, supporting the stock's upward movement.