Why is Cupid falling/rising?

As of 17-Sep, Cupid Ltd's stock price is currently at Rs 208.30, reflecting an increase of Rs 3.55 or 1.73%. The stock has recently reached a new 52-week high of Rs 212.85, indicating strong upward momentum. Over the past week, Cupid has outperformed the Sensex, gaining 2.66% compared to the benchmark's 1.56%. Additionally, the company has shown impressive returns over longer periods, with a year-to-date increase of 174.77% and a remarkable 1694.14% rise over the past three years. Despite these positive indicators, there has been a slight decline in investor participation, with delivery volume falling by 8.08% against the five-day average, which could suggest some caution among investors.
Broader Market Context: In the context of the broader market, Cupid's recent performance has been notably strong, particularly when compared to the Sensex. While the benchmark has only gained 5.83% year-to-date, Cupid's substantial increase of 174.77% highlights its robust performance relative to the market. This divergence indicates that investor sentiment towards Cupid remains positive, driven by its consistent financial results and low debt levels, despite some recent declines in trading volume. Overall, the stock's strong historical performance and positive financial metrics continue to support its upward trajectory in the market.