Why is Cupid falling/rising?

As of 15-Sep, Cupid Ltd's stock price is currently at Rs 207.55, reflecting an increase of Rs 8.55 or 4.3%. The stock has reached a new 52-week high of Rs 208 today and has outperformed its sector by 2.56%. It has shown a positive trend reversal after two consecutive days of decline and is trading above all key moving averages. Over the past week, Cupid has delivered a return of 10.16%, and its year-to-date performance stands at an impressive 173.78%. The company has also reported strong financial results, with net sales and profit figures at their highest levels for the quarter, contributing to positive investor sentiment. However, there has been a slight decline in investor participation, as evidenced by a 5.79% drop in delivery volume compared to the five-day average.
In the broader market context, Cupid's recent performance significantly outpaces the benchmark Sensex, which has only gained 1.24% over the past week. This stark contrast highlights Cupid's strong momentum and investor confidence, particularly given its consistent returns over the last three years, where it has outperformed the BSE500 annually. The company's low debt-to-equity ratio further supports its stability, making it an attractive option for investors despite the recent dip in trading volume. Overall, Cupid's strong financial results and significant returns relative to the benchmark are key factors driving its rising stock price.