Why is Cupid falling/rising?

As of 22-Aug, Cupid Ltd's stock price is currently at Rs 171.95, reflecting an increase of Rs 0.75 or 0.44%. The stock has shown strong performance recently, gaining 3.18% over the last two days and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, it is only 1.19% away from its 52-week high of Rs 174. The company reported its highest net sales, operating profit, and net profit in the last quarter, which has contributed to positive investor sentiment. Furthermore, the stock has consistently outperformed the BSE500 over the past three years, generating a remarkable 126.82% return year-to-date.
In the broader market context, Cupid Ltd has outperformed the Sensex, which has only increased by 0.88% over the past week, while Cupid's stock rose by 2.38%. This trend continues over the past month, where Cupid gained 16.18% compared to a decline of 1.07% in the benchmark index. The rising investor participation, indicated by a 27.67% increase in delivery volume, suggests growing confidence in the stock. Overall, the combination of strong financial results, consistent returns, and positive market performance has contributed to the upward movement of Cupid Ltd's stock price.